Russia’s Uralvagonzavod May Buy Serbian Steel Plant, Blic Says

NPO Uralvagonzavod OAO, a Russian state-owned maker of battle tanks and railcars, will probably buy Zelezara Smederevo d.o.o., Serbia’s sole steel plant, Blic reported, citing an unidentified person.

The Serbian government, which invited bids for Zelezara on Oct. 8, has been negotiating with Uralvagonzavod for weeks, as it seeks an investor for the unprofitable plant that it bought back from U.S. Steel Corp (X) in January, according to the newspaper.

To contact the reporter on this story: Misha Savic in Belgrade at

To contact the editor responsible for this story: James M. Gomez at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.