Slovenian holding Novoline plans exit from Serbia.

By bne IntelliNews June 20, 2011
Slovenian holding company Novoline, owner of Serbian leading logistics company Transped, plans an exit from Serbia due to ongoing legal disputes, Novoline's CEO Dusan Plut said in an interview for DealWatch. "We are thinking of selling parts of the property to interested investors that might be able to finish what we started. We are in talks with foreign and local investors," Plut explained. Novoline has also dropped plans to build a EUR 24mn logistics center in Serbia. "It is difficult to talk about the value of Transped as a whole. I think it is better to look at individual parts. The logistics centre project is worth several million euro at its current stage," Plut explained, adding that Transped's capital is EUR 11mn and it has no debts to banks.
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