Nov 08, 2005. /Lesprom Network/. Serbia offered for sale on Monday a majority stake in its largest newsprint mill, Matroz, seeking a strategic investor. The eligible bidders for the 97.04% state-owned stake should be companies or consortia with at least three years of experience in the production of paper and pulp or in the publishing business, and revenue of at least Euro 15 million for 2004, the Serbian government's Privatisation Agency said in a tender notice. Financial investors, each with total assets of at least Euro 50 million for 2004, will be also eligible to bid. The Privatisation Agency set no starting price in the tender. Interested investors can buy tender documents by December 2. The binding bids should be placed by December 22. This is the country's second attempt to sell the newsprint mill. The first tender, launched in 2003, failed as no investors turned up. Matroz, located in Sremska Mitrovica in northern Serbia, ended last year with a net loss of Euro 13.7 million, versus a net loss of Euro 8.9 million a year earlier.