CMS Belgrade has supported the Serbian government on its selection of a new operator for Serbia's largest airport.
As a result of the process, Serbia awarded French company Vinci Airports, the world’s fourth largest airport operator, a 25-year concession. The total value of the agreement is EUR 1.5 billion. According to CMS, “the French company will run the airport for the next 25 years, being also committed to considerable investments to further develop Nikola Tesla Airport as part of the agreement. Vinci's offer [is] worth EUR 1.5 billion and consists of EUR 501 million for the concession, an additional annual concession fee ranging between EUR 4.5 and 16 million, and the pledge to invest a further EUR 732 million.”
“The award procedure was conducted in a way that satisfied high international quality requirements, which goes to show that the Serbian government easily lives up to European standards in terms of transparency,” said CMS Partner Radivoje Petrikic, who co-headed the firm’s team on the matter along with Partner Maja Stepanovic. "This has once again strengthened Serbia's standing as a favorable business location and attractive target for investors.”
In addition to Petrikic and Stepanovic, the Belgrade CMS team included Partners Marija Tesic and Dorde Popovic and Attorneys-at-Law Nebojsa Pejin, Dragana Jandric, Ljubinka Tubic, Jovana Bingulac, Anja Tasic, and Mihajlo Matkovic.