Serbia puts carmaker Zastava on sale

Newswire

BELGRADE, Dec 27 (Reuters) - Serbia announced on Thursday that its sole car maker Zastava, producer of the Yugo hatchback, would go on sale in April and gave potential bidders until March 31 to conduct due diligence. The government said it would announce the minimum price for the company in April. Car producers with revenue of at least 500 million euros ($725.3 million) for 2006 would be eligible to bid, along with financial investors managing assets of at least 2 billion euros in 2006, ...

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