Virom Group and South Frontier acquire Belgrade-based Rafinerija nafte for EUR 804,600

A consortium comprised of juristic persons Virom Group and South Frontier, both from Belgrade, have signed an agreement on the premises of the Privatization Agency to acquire the oil maker Rafinerija nafte AD Beograd.
As it was announced on the website of the Privatization Agency, a commission for the sale of Rafinerija nafte from Belgrade stated November 23rd that the bid of the only bidder - the consortium consisting of Virom Group and South Frontier, had met all prescribed conditions, declaring the only participant in the sale procedure a conditional buyer of the subject of sale.
Starting price of the ownership stake that was the subject of sale was EUR 804,596.67, while the buyer promised to pay EUR 804,600 in cash for 1,634,941 shares held by the Privatization Agency, that is, 100% of Rafinerija nafte from Belgrade.
By the way, this company was founded in 1934, it became a part of Jugopetrol in 1981, and then a part of the Petroleum Industry of Serbia (NIS) in 1992. After it was separated from NIS in 2005, Rafinerija nafte was sold by tender in 2007 and it continued to operate as part of the Neochimiki Group. Early 2012 saw the privatization agreement terminated, which caused Rafinerija nafte to start operating as a state company once again.

Rafinerija nafte a.d. Beograd

Virom group Beograd

South Frontier Beograd

Komisija za zaštitu konkurencije Srbije

Ministarstvo finansija Republike Srbije

Uprava za sprečavanje pranja novca Beograd

Agencija za privatizaciju Republike Srbije Beograd prestala sa radom 29.01.2016.

Rafinerija nafte Beograd

Virom Group Belgrade

South Frontier Belgrade

oil maker in Belgrade