Serbia to Sell Glass Plant Stake to Bulgarian Buyers, B92 Says

Date: 18 October 2011
Source: http://www.bloomberg.com/

Date: 17 October 2011

Serbian state-owned gas company Srbijagas will sell its 63.6 percent stake in Srpska Fabrika Stakla AD to a Bulgarian buyer within the next two weeks for 35 million euros ($48.31 million), its general manager said today, B92 reported.

The transaction will be followed by the purchase of the remaining equity held by small shareholders and the Bulgarian glassmaker Rubin, web portal B92 said, ciging Srbijagas head Dusan Bajatovic. The new owner will also invest 22 million euros in the “next three years” in upgrading the facility in Paracin, 155 kilometers (96 miles) south of Belgrade, the capital, to focus on production of glass packaging, mainly beer bottles, B92 said.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

600450 Serbia to Sell Glass Plant Stake to Bulgarian Buyers, B92 Says glassonweb.com

See more news about:

Others also read

The SEEBBE Building Trade Fair is set to take place on June 24 – 27, 2020.
The Serbian company AMSS CENTAR ZA MOTORNA VOZILA, which focuses on traffic safety, has recently been equipped with a CulletScanner.
Situated on a hillside property, the detached house designed by the local architecture firm Autorski Atelje Spajic convinces with its transparent building envelope by Glas Trösch.
The largest civil engineering event in this part of Europe – 44th International Building Trade Fair SEEBBE was closed at Belgrade Fair.
The leading fair event in the construction industry in the Southeast Europe region, Building Trade Fair in Belgrade, will be held on April 18 – 21, 2018 at the complete available Belgrade Fair exhibiting space.
IMMMES, a leading company in water treatment systems for the glass industry, has signed an exclusive agency agreement with the IMSA Group for Southeast European markets

Add new comment