Serbia's Delta Agrar said it raised its stake in farming company Jedinstvo Apatin to 78.86% from 69.83% following a buyout bid. Delta Agrar bought 78,963 Jedinstvo shares at RSD 2,357 (EUR 22.7) a piece between November 9 and November 29, it said in a filing to the Belgrade bourse. Delta Agrar was set up in 1993 as part of diversified Delta Holding. Delta Agrar employs 1500 workers and is present on the markets of the countries in the region and the European Union, as well as in Russia and Switzerland. It plans to generate a trade turnover of EUR 302mn in 2011, up from EUR 265mn in 2010. Jedinstvo is located in the northwestern town of Apatin, close to the borders with Croatia and Hungary. It possesses a total arable land of 5,869 hectares. |
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
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
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