Esmark Bidding for Serbian Steel Mill

Esmark Inc has confirmed its interest in acquiring all the assets of Serbian government-owned steel facility Zelezara Smederevo, a producer of steel, hot-rolled and cold-rolled products, and tin plate-coated products serving customers in Central Europe. Esmark Inc. has formed Esmark Europe to lead mill operations, finance, and commercial sales if the bid is successful.

During a meeting in London Tuesday with Serbian Prime Minister Alexander Vucic, Bouchard said that he and the Prime Minister, “Had an extremely productive and fruitful discussion and Prime Minster Vucic advised us of the Serbian government’s intentions to announce a public tender process within the next few days,” said Bouchard. “We’re very thankful to the Prime Minister and all the Serbian government officials for their cooperation during the pre-tender and due diligence process, and we committed to Prime Minister Vucic that Esmark would submit an offer for Zelezara Smederevo during the tender process.”