BELGRADE – The Serbian Ministry of Economy announced an invitation to bid to become a strategic partner in Galenika and acquire a 25 percent stake in Serbia’s leading pharmaceutical company on Monday.

One of the requirements that potential strategic partners need to meet is that the legal entity, its controlling owner, or members of the consortium jointly, posted an operating income of at least EUR 50 million or assets amounting to no less than EUR 100 million in the previous financial year.

Also, an offer to acquire a 25 percent stake in Galenika can be no lesser than EUR 7 million.

A prospective acquirer needs to submit their applications for participation in the tender and pay a deposit of EUR 100,000 no later than May 4.