Esmark Europe

Prime Minister Aleksandar Vucic said Serbia's government would decide who won an important bid to manage a troubled steel mill on Tuesday.

BELGRADE - Serbian Prime Minister Aleksandar Vucic has said that he expects that the EU will support the takeover of the state-owned steel plant Zelezara Smederevo.

Vucic said that he expects that the agreement with Esmark Europe, part of U.S.-based Esmark Inc, will be signed by February 1, after the restructuring plan for the Serbian mill is approved by the EU.

BELGRADE - Potential investors have until midnight CET on Tuesday to file their letters of intent concerning the sale of the government-owned steel company Zelezara Smederevo, and so far, 9 companies have presented their letters, with the offer from the US company Esmark being seen as the best option, Radio and Television of Serbia has reported.