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People & Business :: M&A

Four bids submitted for privatization of Croatia fertilizer firm

1:27 PM MST | January 15, 2014 | Ian Young

The Croatian government has received four nonbinding offers to acquire a stake in state-owned fertilizer producer Petrokemija (Kutina, Croatia), Petrokemija says. A government commission formed to choose a strategic partner for Petrokemija selected three of the four bidders to submit binding offers in a second round of bidding. The three remaining bidders will perform due diligence on Petrokemija's operations and are due to submit their binding bids by the end of February. The general assembly of Petrokemija will make a final decision on the winning bid. The...

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