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A:
State issue of Tigar shares to be floated soon
Pirot,
22 January 2008
Serbian Minister of Economy and Regional Development Mladjan Dinkic announced today that state issue of shares of Pirot-based Tigar will be offered for sale on the Belgrade Stock Exchange.
Dinkic stressed that together with the Pension and Disability Fund the state will offer its 34% shareholding to citizens on the stock market.
Tigar plans to increase capital by issuing additional shares, and we will use the opportunity to consolidate shares in state ownership in order to secure the best price possible and make them available for citizens to purchase, explained the Minister.
According to Dinkic, Tigar is one of the three leading export companies in Serbia, and plans to invest €20 million during the next three years in new training programmes, technical tyres and a recycling facility for tyres.
He also announced the Law on securities will be amended in mid-2008.
Dinkic today signed a protocol on cooperation with Pirot municipal authorities.
Tigar plans to increase capital by issuing additional shares, and we will use the opportunity to consolidate shares in state ownership in order to secure the best price possible and make them available for citizens to purchase, explained the Minister.
According to Dinkic, Tigar is one of the three leading export companies in Serbia, and plans to invest €20 million during the next three years in new training programmes, technical tyres and a recycling facility for tyres.
He also announced the Law on securities will be amended in mid-2008.
Dinkic today signed a protocol on cooperation with Pirot municipal authorities.
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