Naftna Industrija Srbije a.d. (BELEX:NIIS) placed the sole bid in a tender for a strategic partner in HIP-Petrohemija a.d. Pancevo, the Serbian economy ministry said on October 12, 2021. The documents will be evaluated in the coming days and a proposal for further steps will be sent to the government by the commission in charge of managing the process of finding a strategic partner for HIP Petrohemija, the economy ministry said in a statement. Serbia invited bids in the tender on September 09, 2021. The strategic partner should inject EUR 150 million ($177 million) in the capital of HIP Petrohemija, acquiring a stake of up to 90% in the company's capital. The deadline for the submission of bids expired on October 11, 2021.