October 10 (SeeNews) - A recently launched tender for the privatisation of Serbia's Valjevska Pivara brewery has failed after no bidders turned up, the economy ministry said.
The deadline for the submission of bids in the tender expired on October 5, the ministry said in a notice on Tuesday.
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The ministry of economy invited bids for the sale of Valjevska Pivara on September 6.
The Serbian government became the sole owner of Valjevska Pivara through a debt-for-equity swap under a restructuring plan for the company at the end of 2010.
In April 2016, Valjevska Pivara started exports to the US market, while the launch of exports to Canada and Albania was announced in September 2016.
Valjevska Pivara produces the Valjevsko Pivo and Eichinger brands.