Serbia's Delta Agrar said it is launching a bid to buy out the remaining 10% of flour milling company Danubius it does not yet own. Delta Agrar aims to buy all 16,089 outstanding Danubius shares between July 6 and July 27, it said in a filing with the securities commission. The buyer offers to pay RSD 7,850 (67.8) per share. Delta Agrar was set up in 1993 as part of diversified Delta Holding. Delta Agrar employs 1,500 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 has said it eyes a trade turnover of EUR 302mn in 2011, up from EUR 265mn in 2010. |
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