Following an inspection over the work and acts of the Serbian Share Fund, Privatisation Agency, and the financial market during the privatisation of Zrenjanin-based Jugoremedija, the Serbian Ministry of Economy has ordered the Share Fund to terminate the contracts on the sale of a stake in Jugoremedija and on investment in this company and to take other measures to protects its property and assets.
According to a statement, on May 13, the ministry ordered the Share Fund to:
- terminate the contract on the sale of a stake in Zrenjanin-based Jugoremedija, signed by the buyer, Radovis-based firm Jaka 80 and the Share Fund
- cancel the agreement on investment, also signed by Jaka 80 and the fund
- take other legal steps to protect the property and assets of Jugoremedija