“The bid submitted by China’s HBIS – the second largest steel producer in the world – to privatise the Smederevo steel mill was accepted on Tuesday, with the price offered slightly over the required minimum – EUR 46 million, Tanjug has learned.
“A government working group opened the bid with the Chinese partner at 11 am Tuesday, concluding that it is compliant with the tender requirements.
“The initial price set in the public invitation for a strategic partner was EUR 45.7 million.
“Minister of Economy Zeljko Sertic has said earlier that, if everything goes as planned, an agreement on privatising the steel mill will be signed in April.”
http://www.serbia.com/hbis-bid-privatise-steel-mill-accepted/
(A couple of years ago, Poland awarded a contract for a traffic loop around Warsaw to a Chinese company. Warsaw government officials figured the Chinese company would hire several hundred Polish workers for the construction. Not so. The Chinese company said it would bring in 5,000 Chinese to do the work.)
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