Bulgarian-registered Rua Invest and Turkish group Kurum Demir have placed offers for the privatization of 58% in Montengrin steel mill Zelezara Niksic, Podgorica-based newspaper Pobeda reported on Wednesday. The deadline expired on September 30th and the deal is expected to be wrapped up by end-2003. Yugoslav news agency Tanjug said German firm Max Aicher may be the third bidder for the Montengrin steel mill. The list of potential buyers included four other companies that failed to submit the offer. Tanjug reported that Rua Invest did in fact submit an offer under the name Steel Group Investment Consortium.