Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Uralvagonzavod Drops Plan to Buy Serbia Sole Steel Plant

Feb. 28 (Bloomberg) -- NPO Uralvagonzavod OAO of Russia placed no binding offer for Zelezara Smederevo d.o.o., Serbia’s sole steel producer, by today’s deadline, Serbia’s Finance Ministry said in an e-mailed statement.

The Serbian government will discuss the sale of the unprofitable producer tomorrow and won’t extend the deadline for placing bids for a third time, according to the statement.

Uralvagonzavod was the only company to have expressed interest in the Smederevo-based plant, which U.S. Steel Corp. sold back to Serbia for $1 in January 2012.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.