Montenegrin local daily Dan reported that Montenegro's diversified holding group Neksan is interested in the acquisition of steel mill Zeljezara Niksic from Turkey's Toscelik. The media report quoted Neksan owner Mr Miodrag Daka Davidovic as saying that "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. Neksan plans to discuss its plans with the government.”Turkey-based Toscelik Profil ve Sac Endustrisi AS, part of Tosyali Holding, had acquired the bankrupt state-owned Montenegrin steel mill Zeljezara Niksic, which had been put on sale in order to reduce the debt burden of Montenegro. Toscelik won the tender bidding EUR 15.1 million in 2012. Toscelik suspended production activities at Zeljezara Niksic in March 2021, due to a drop in orders caused by the coronavirus pandemic. Last year, it started talks for the sale of the steel mill.Neksan was also in charge of the management of Zeljezara Niksic for 16 months in 2003 and 2004, when the company was sold by the government to Russian company Midland, which later withdrew from the deal and returned the steel mill into state ownership.Zeljezara Niksic, the largest iron and steel producing company of the former Yugoslavia, produces non-alloy and alloy steel grades with an annual capacity of 300,000 tonnes and exports to over 30 countries including Germany, Russia and Turkey.
Montenegrin local daily Dan reported that Montenegro's diversified holding group Neksan is interested in the acquisition of steel mill Zeljezara Niksic from Turkey's Toscelik. The media report quoted Neksan owner Mr Miodrag Daka Davidovic as saying that "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. Neksan plans to discuss its plans with the government.”Turkey-based Toscelik Profil ve Sac Endustrisi AS, part of Tosyali Holding, had acquired the bankrupt state-owned Montenegrin steel mill Zeljezara Niksic, which had been put on sale in order to reduce the debt burden of Montenegro. Toscelik won the tender bidding EUR 15.1 million in 2012. Toscelik suspended production activities at Zeljezara Niksic in March 2021, due to a drop in orders caused by the coronavirus pandemic. Last year, it started talks for the sale of the steel mill.Neksan was also in charge of the management of Zeljezara Niksic for 16 months in 2003 and 2004, when the company was sold by the government to Russian company Midland, which later withdrew from the deal and returned the steel mill into state ownership.Zeljezara Niksic, the largest iron and steel producing company of the former Yugoslavia, produces non-alloy and alloy steel grades with an annual capacity of 300,000 tonnes and exports to over 30 countries including Germany, Russia and Turkey.
