Tuesday, February 14, 2012

Romania

Serbia Cancels $400 Million Deal For Copper Firm

(RFE/RL)

(RFE/RL)

BELGRADE, April 25, 2007 -- Serbia today canceled a $400 million contract with Cuprom Romania, saying the firm had failed to submit financial guarantees for buying Serbia's biggest copper miner, RTB Bor.

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April 25, 2007


Serbia's Privatization Agency said Cuprom Romania failed to meet a deadline to secure the deal.


RTB Bor was a key contributor to Serbia's industrial sector. Cuprom Romania is one of Europe's largest manufacturers of copper products.


(AFP, AP)

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