Greece: Wind power capacity...

Greece’s cumulative installed wind power capacity reached 5,355 MW by the end of...

Bulgaria: EBRD lends €50...

The European Bank for Reconstruction and Development (EBRD) is lending up to €50...

Albania: X One proposes...

Albanian construction company X One has submitted a request to the Ministry of...

Albania: Erseka Solar Park...

The Erseka Solar Park, located near Kolonja in southeastern Albania, has officially begun...
Supported byClarion Energy banner
HomeUncategorizedNo buyers, 650...

No buyers, 650 firms for sale

 

In Serbia there are attractive companies for sale. They are in the list of Privatization Agency but also at the Belgrade Stock Exchange. The list is long, unfortunately much longer than number of potential investors. The crisis has left its mark.

Until so far Serbia has cashed EUR 2.3 billions from sale of 1,643 enterprises. It is not known how much more it could get from further sales, but among 650 companies in the list of Privatization Agency there are still attractive firms.

 

Buyer’s profile

Vladislav Cvetkovic, Director of Privatization Agency says for ‘Blic’ in reply to our question over the profile of today’s potential buyer:

‘These are people who really have idea about what they shall do and they are from production sphere. There are no more investors with speculative orientation who would buy for further sale. There are many Italian investors interested in textile industry and other industrial branches. There are even domestic ones who think that spreading of business dealing can be effected using some industrial capacities not in production now’.

Inquiry

‘Of course, showing interest still does not mean that purchase, i.e. sale is going to be realized. The example is ‘Telecom’ when agreement over the price was not reached. Investors permanently collect information about companies for sale and their price’, economist Vladimir Gligorov says for ‘Blic’.

For foreign investors addressing SIEPA the most interesting fields for investing are food processing, car, electronics and textile industry.

Favorable position

‘Every investor knows what concretely he/she wants to do. Investors do not have prejudices, they are led by their interest. There are several reasons why they are interested in Serbia. In the first place it is more competitive labor price in relation to countries of the Central Europe as well as more favorable tax rates. Geographic position is another advantage and also agreement on free trade’, Milos Curcin of the Agency for Foreign Investing and Promotion of Export of Serbia (SIEPA) says.
The most valuable company at Belgrade Stock Exchange is the ‘NIS’.

State property

The State also has a major stake (83 percent) of the Belgrade ‘Nikola Tesla’ Airport . The value of it at the stock is presently about EUR 140 millions. The State, too is, in control of the biggest domestic bank ‘Komercijalna Banka’ (42.6 percent stake) and its current value of about EUR 70 millions.

Source blic.rs

 

 

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

FBiH: Net electricity production reached 473 GWh in June

Net electricity generation in the Federation of BiH fell to 473 GWh in June 2024 from 582 GWh in the same month last year, according to the data published by the statistical office. In the same period, electricity imports increased to 126 GWh...

Croatia: JANAF buys 5.2 MW solar park

Croatian oil pipeline operator JANAF has indirectly acquired the Bulinac solar photovoltaic power plant with an installed capacity of 5.18 MW as part of its diversification strategy, the company said in a filing to the Zagreb stock exchange.The acquisition of this...

Serbia: Banatski Dvor gas storage expansion to begin in October

Serbia will start works to expand the Banatski Dvor natural gas storage facility in October, according to Dusan Bajatovic, head of natural gas importer and distributor Srbijagas.The expansion works are expected to be completed in 18 months, Bajatovic said in...
Supported bySEE Mining News
error: Content is protected !!