Privatization of RTB Bor d.o.o.

The BDO M&A team in Serbia advised the vendor RTB Bor d.o.o. in the privatization process.

Republic of Serbia, as the shareholder of RTB Bor d.o.o., organized a privatization public tender for the selection of the strategic investor which would recaplitalize RTB Bor.

Zijin Mining Group Co. Ltd. China was selected as the strategic partner. The investor committed to recapitalize the target with USD 350 million for a 63% equity stake. Also, the investor committed to capex in the amount of USD 1,26 billion in the period of 6 years and to repay the restructured debt in the amount USD 200 million.

BDO acted as financial advisor to the management and furthermore provided deal structuring and SPA advisory services to RTB Bor d.o.o.