19. Dec 2018
Chinese company Zijin Mining Group yesterday officially took over RUDARSKO – TOPIONIČARSKI BASEN RTB BOR, which changed its name to ZIJIN BOR COPPER.
Zijin is one of the leading Chinese and world producers of gold, copper and other non-ferrous metals, with an annual net profit of over EUR 230 million.
The Chinese company paid-in 350 million dollars yesterday and thus became the majority stakeholder with 63% stake in RTB. The total investment of Zijin will amount to USD 1.46 billion and will be implemented in the next 6 years. Zijin also committed to keep all of the 5,000 people currently employed in RTB.
This investment will significantly contribute to the development of the company that is of great importance for the entire economy of Serbia. According to the expectations, by realization of this investment, Serbia will become one of the leaders in copper production in Europe.
We are very proud to announce that Joint Law Firm Marjanović was the leading legal advisor of RTB and the Republic of Serbia during the entire privatization procedure and thus contributed to one of the most important transactions in the Republic of Serbia.