These are initial invitations, and one can hardly expect relevant offers, Deputy Prime Minister Damir Polancec said at the government's session today.
The initial price for the purchase of the TLM will be 442.74 million kuna, and 405.06 million kuna for the capital stock in the Sisak company.
Recalling that the TML plant in the coastal city of Sibenk has many problems, including a long-standing shortage of circulating capital and the company's liabilities coming over 1.2 billion kuna, Minister Polancec said that 200 people in the company's workforce are treated as redundancies.
According to Polancec, prospective buyers of TML shares will be asked to continue with the company's basic activities and to retain 1,400 employees out of a total of the current 1,601 workers on the company's payroll in two years after taking over the firm.
Another conditions which should be met for the acquisition of TLM are plans for investment of 92 million euros in the next three years.
As regards the Sisak Rolling Mill, potential buyers will be asked to retain the basic activities and ensure the job for at least 1,209 workers for two years with plans about investments at the amount of 100 million kuna.
(1 EUR = 7.34 kuna)