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Serbia’s capital market: A year of activity, but limited growth and challenges ahead

Serbia's capital market may not be booming, but it has certainly been eventful this year. The spring kicked off with the sale of a package of shares in the transport company Lasta, which sparked weeks of media speculation about the identity of the buyer behind the "collective account." In the summer, Messer Tehnogas' majority shareholder took the spotlight with two unsuccessful attempts at consolidating ownership. Autumn saw successful ownership consolidations in smaller, yet notable companies like the Jaroslav Černi Institute…