Serbia
Posted Wed, 25/11/2009 - 22:49
As Serbia's state-owned JAT Airways continues to experience heavy financial losses, Greek investment firm Marfin Investment Group has expressed interest in acquiring the troubled airline. Marfin purchased Greek Olympic Airlines last March and would most likely merge it with JAT to create a strong regional airline. The firm also acquired a 50% stake in Switzerland’s Ambulance International Rent-a-Jet earlier this year. Serbia has been seeking a strategic partner for JAT since the spring of 2008 when it offered a tender for 51% of the company at a €51 million call price.
Posted Tue, 13/10/2009 - 11:27
Financially troubled Serbian newspaper distributor Futura Plus has a new owner that will hopefully settle its debt and turn the company around. Rus Press, a Russian company owned by billionaire Oleg Deripaska, has agreed to acquire 100% of Futura Plus for an undisclosed amount. The company has been owned by controversial Serbian businessman Stanko Subotic Cane since 2006. Recently Futura's financial accounts have been blocked due to €2.15 million in outstanding debt. Serbian authorities must still approve the sale but no problems are anticipated.
Posted Mon, 04/05/2009 - 00:00
Independent media in Eastern Europe is taking a step forward as the EBRD announced it is investing in the eastern European operations of the WAZ Media Group. EBRD's equity investment for a stake in the WAZ operations could be as much as €40 million. The WAZ Group's work in developing high quality, professional, and politically and economically independent media in Eastern Europe fits into the ERBD's mandate to encourage sustainable economical development in the region.
Posted Mon, 04/05/2009 - 00:00
The EBRD announced its largest single equity investment in the Serbian corporate sector, with €40 million going to Victoria Group, Serbia's largest agribusiness enterprise.
Posted Fri, 24/04/2009 - 12:01
Small Enterprise Assistance Funds ("SEAF") has secured a €3 million commitment from private equity firm Finnfund, for the SEAF South Balkan Fund (SBF). Five other shareholders have already invested in the South Balkan Fund including the Swiss State Secretariat for Economic Affairs (SECO), United States Agency for International Development (USAID), The Netherlands Development Finance Company (FMO), SEAF, and the fund's general director Vladimir Pesesvski. The Finnfund investment brings the total fund to €13.15 million.
Posted Fri, 14/11/2008 - 01:00
Belgrade-based publishing house that issues Blic, 24sata and Alo! has been sold by Vienna Capital Partners to Swiss majority stakeholder Ringier. The deal includes a transfer of 25.1 percent of shares to Ringier. Further details of the transaction have not been revealed.
Posted Fri, 08/08/2008 - 00:00
CapExit, an Austrian private equity company, acquired 100% of Serbian Bread & Co from Serbian agricultural company Fidelinka.
Posted Wed, 17/10/2007 - 00:00
Dutch-registered Danube Foods, owned by Salford Capital Partners, acquired a majority stake in Mlekara Bitola.
Posted Tue, 26/06/2007 - 00:00
Mid Europa Partners acquired a controlling stake in Serbia Broadband from SEEF I, managed by Bedminster Capital Management. SBB is one of the fastest growing Cable TV operators in Europe, generating an annual growth rate of 60% over the past two years.
Posted Fri, 25/05/2007 - 00:00
Equest Investments Balkans has signed a binding agreement to acquire a 23% shareholding in Tehnik&Kom (Serbia) and a 50% shareholding in K&K Electronics (Montenegro).
Posted Fri, 25/05/2007 - 00:00
Equest Investments Balkan acquired a 50% shareholdering of Technomobile Corporation for a total consideration of € 1.6 million.
