Slovenian Proinvestments sells entire interest in Serbian Jedinstvo.

By bne IntelliNews August 12, 2011
Slovenian investment fund Proinvestments has sold its entire interest in Serbian fabricated metal products maker Jedinstvo, Serbian brokerage Sinteza Invest Group said. The stock was sold on the Belgrade Stock Exchange. Swedish fund East Capital was the most active buyer of Jedinstvo stock and has built up a stake of 3.3% in the company, Sinteza Invest Group said. The shares were sold at an average price of RSD 6,000 per unit. Jedinstvo is specialized in the design and production of hydro and thermal insulation, as well as various fabricated metal products. According to Sinteza Invest Group, the company's current market capitalization is around EUR 17.5mn. In 2010, Jedinstvo posted operating revenues of EUR 29.4mn, down 1% y/y and EBITDA stood at EUR 4.4mn.

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