Salford selling off Serbia acquisitions

Salford CEO Eugene Jaffe announced that as of this moment, everything the investment fund owns in Serbia is for sale. Jaffe specified that the reason behind the decision was that the fund's investment cycle was complete, and that they were to sell Imlek and Suboticka dairies, the Bambi Banat chocolate and cookie factory, and the Knjaz Milos mineral water and beverages plant. Salford selling off Serbia acquisitions He announced that in the next two years, the investment fund would sell all companies in which they have a share and are located in Serbia, Ukraine, Russia and the region, adding that they would be sold "to global companies at market price"s "We believe that the sale will go easily because firms owned by Salford do not have a problem with monopoly and they conduct honest business," said Jaffe. He refuted the findings of the Administrative Court which said that Salford, as the owner of dairies in Serbia through the Danube Foods Group, had established a monopoly. The findings, he said, were based on "bad calculations and wrong information". Eugene Jaffe announced that in the next period Salford would start a new investment cycle and that their sphere of interest in Serbia would be investing in the food industry, energy and telecommunications. Salford announced the sale of its Serbian companies back in 2007, and again in 2009, but postponed it "due to the economic crisis".

Salford selling off Serbia acquisitions

He announced that in the next two years, the investment fund would sell all companies in which they have a share and are located in Serbia, Ukraine, Russia and the region, adding that they would be sold "to global companies at market price"s

"We believe that the sale will go easily because firms owned by Salford do not have a problem with monopoly and they conduct honest business," said Jaffe.

He refuted the findings of the Administrative Court which said that Salford, as the owner of dairies in Serbia through the Danube Foods Group, had established a monopoly. The findings, he said, were based on "bad calculations and wrong information".

Eugene Jaffe announced that in the next period Salford would start a new investment cycle and that their sphere of interest in Serbia would be investing in the food industry, energy and telecommunications.

Salford announced the sale of its Serbian companies back in 2007, and again in 2009, but postponed it "due to the economic crisis".