Montenegro’s diversified holding group Neksan plans to acquire the steel mill Zeljezara Niksic from Turkey’s Toscelik, according to Montenegrin media.
“We do not need any partner to manage Zeljezara Niksic. We are interested in taking over Zeljezara Niksic, as well as several other companies in Montenegro,” declared Neksan owner, Miodrag Daka Davidovic.
Toscelik acquired Zeljezara Niksic in 2012 for EUR 15.1 million after placing the best bid in an auction launched by the government. Back then, Neksan placed the second-best offer.
