SERBIA: Knjaz Milos auction hits snag
The auction for a stake in Knjaz Milos has been delayed. Serbia's Privatisation Agency will now auction its stake in the drinks company on the Belgrade Stock Exchange tomorrow, two days later than originally planned.
"Due to some technical problems we have delayed by two days the sale of the state stake in Knjaz Milos on the stock exchange," a Privatisation Agency official told SeeNews.
The agency will offer 18,271 shares, or 12% of its stake in Knjaz Milos, at an auction on the Belgrade Stock Exchange. The government holds 41.7% of Knjaz Milos.
Late last year, UK-based hedge fund FPP Balkan Ltd. acquired around 58% of Knjaz Milos from minority shareholders. It first bought 25% at 17,200 dinars per share in September, and acquired another 33% at 23,000 dinars per share in December.
- What's so special about Islay anyway? - Comment
- Six key trends for alcoholic drinks in 2016
- What do Bourbon and craft beer have in common?
- Ten things to know about spirits in the US
- Aus wine industry pays price for past failures
- Alcohol industry warning over Kroger plan
- SABMiller hits back in UK corporation tax row
- Diageo's Orphan Barrel The Gifted Horse - NPD
- Suntory bids for Lucozade, Ribena Nigerian network
- American rye whiskey sales leap 600% in five years
- What Next for Beer and Brewers Following the MegaBrew Deal?
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Global Whiskey Market 2016-2020
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research