Several potential buyers for Salford's Serbian assets - CEO.

By bne IntelliNews May 19, 2011
There are several potential buyers for the Serbian assets of London-based asset manager Salford Capital Partners, including some large multinational companies with which Salford is already negotiating, Salford CEO Eugene Jaffe said in an interview for Blic daily. An investment group could also show interest in case of a partial sale of the assets, Jaffe added. Salford Capital Partners owns Serbia's top water bottler Knjaz Milos, dairy producers Imlek and Mlekara Subotica as well as confectionery maker Bambi-Banat. Jaffe did not elaborate on the value of each company, nor did he name the potential buyers. Salford is currently considering various options for the sale of the assets including the individual sale of each company, the sale of all companies in a single lot, partial sale of the assets, partnership schemes or even a public offering of shares of Danube Foods Group, the subsidiary through which Salford controls its Serbian assets, Jaffe explained. Salford plans to re-invest the sales proceeds in Serbia, as it is already familiar with the situation in the country and can identify potential opportunities.

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