AP: Serbia cancels US$400 million (€293 million) deal with Cuprom Romania for copper giant

According to AP, Serbia canceled a US$400 million (€293 million) contract with Cuprom Romania on Wednesday, saying the company had failed to submit financial guarantees for buying the Balkan republic's copper giant.Cuprom Romania failed to meet a deadline to secure a financial arrangement to buy the Rudarsko Topionicarski Basen Bor, the vast but decrepit mining and processing complex in eastern Serbia, the government's Privatization Agency said.There was no immediate comment from ...

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