Serbia Mulls Fiat Industrial Partnership for IMR Tractor Maker

Serbia will offer CNH Global NV (CNH), a unit of Fiat Industrial SpA (FI), the chance to form a partnership with Industrija Motora Rakovica AD, a state-controlled maker of engines and farm machinery, a government minister said.

A “joint project” between CNH Global and the unprofitable Serbian company known as IMR may be modeled after Fiat Automobili Srbija, the car-making venture between Fiat SpA (F) and the Serbian government, Finance and Economy Minister Mladjan Dinkic said during a parliamentary debate in Belgrade today.

Contacts on a possible investment in IMR are also being held with a company from Belarus, Dinkic said without specifying.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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