Cyprus fund in bid to buy Putnik

Nicosia-based investment fund Aciona has revealed plans to buy 82.4 percent of Belgrade’s Putnik company shares.

Izvor: Beta

Saturday, 10.03.2007.

10:43

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Cyprus fund in bid to buy Putnik

In 2003, Putnik was sold to the U.S. company Uniworld owned by Srba Ilic, for US$ 5.2mn.

However, the contract was terminated in 2005 after the buyer failed to meet the contractual obligations, while Serbia’s Share Fund took over Putnik’s management on a temporary basis.

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