Natron Maglaj Joint Venture to Preserve 450 Jobs
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| USAID advises on privatization of pulp and paper producer |
BiH's pulp and paper-producing firm, Natron Maglaj, was privatized through a joint venture with Kastamonu Entegre, part of the Hayat Holding Group from Turkey. Natron contributed assets and Kastamonu contributed $9.3 million cash to the new joint venture company Natron-Hayat. Kastamonu Entegre will invest an additional 21 million euro (approximately $27 million) over the next 24 months.
Approximately 450 jobs will be preserved and another 300 workers are expected to return to their jobs after the new company is registered.
USAID’s Privatization of Strategic Enterprises Project advised the seller on the transaction and served as a member of the team formed to negotiate the terms and conditions of the joint venture.
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