Bulgarian consortium to take over Serbian glass maker Srpska Fabrika Stakla.

By bne IntelliNews September 1, 2011
A Bulgarian consortium may take over Serbian glass producer Srpska Fabrika Stakla, Tanjug news agency reported. Bulgarian glass maker Rubin, which used to be majority owner of Paracin-based Srpska Fabrika Stakla, is a member of the consortium. Due to Srpska Fabrika Stakla's accumulated debts, Rubin sold a 63.6& stake in the company to Serbia's state-owned natural gas transmission and distribution company Srbijagas in a debt-to-equity swap. The government has already approved the Bulgarian consortium's offer. Covering Srpska Fabrika Stakla's outstanding natural gas bills is one of the conditions set to the new owner. The Bulgarian consortium plans to invest EUR 22mn in upgrading the plant's facilities.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335