privatization

Napred Razvoj Moves to Full Control of Energoprojekt After €14 Million State Share Sale

Napred Razvoj has moved closer to full ownership of Energoprojekt Holding after increasing its stake, together with related parties, to 90.21%, enabling the compulsory acquisition of remaining minority shares. The ownership threshold was reached after the Republic of Serbia sold its 33.89% stake in Energoprojekt through a takeover offer priced at RSD452.25 per share. The transaction generated estimated proceeds of approximately RSD1.66 billion, equivalent to around €14 million, and allowed Napred Razvoj to exceed the statutory 90% ownership requirement. Squeeze-out…