KMBN: Fourteen companies respond to the ad for financial adviser for the sale of Komercijalna Banka, selection to be made by the end of the year
Fourteen companies have responded to the ad placed by state for the financial adviser for the sale of the state's share in Komercijalna Banka, eKapija learns at the Ministry of Finance. The adviser should be selected and the agreement on consulting services should be signed by the end of the year – the ministry says and adds that the public call for privatization should be placed by the end of June and that the transactions should be closed by the end of 2019.
Gazprom decides for TurkStream route to include Serbia – First gas deliveries in 2020
The Russian company Gazprom reached the decision to have the TurkStream gas pipeline go through Bulgaria, Serbia, Hungary and Slovakia. These countries have started preparing for the project, writes Russian newspaper Komersant, as reported by Sputnik. As said, the first deliveries of gas to Bulgaria and Serbia will begin in 2020, and Russian gas is to reach Hungary a year later, which will enable the Russian company to stop delivering gas through Ukraine in 2022.
Government bonds worth RSD 10 billion redeemed thanks to budget surplus
At the first early redemption of 3-year Government Bonds of the Republic of Serbia, which mature on February 22, 2019, Government Bonds in the amount of 1,000,000, with total nominal value of RSD 10 billion were redeemed, the Ministry of Finance announced. The offered redemption volume amounted to RSD 10 billion, while the volume of submitted bids at the auction was RSD 16,777,230,000.00, or 167.77% of the offered redemption volume.
China's Zijin to enter RTB Bor and Canada's Nevsun – USD 4 billion to be invested in opening of mines
The Chinese mining company Zijin, the strategic partner of RTB Bor, has announced a takeover of Nevsun, a Canadian company which owns the Bisha zinc mine in Eritrea, as well as exploratory rights at the Cukaru Peki location, near Bor, considered to be the most important copper and gold resource in the world, Novosti learns. This way, with a merger between RTB Bor and Nevsun, the Chinese company might become the owners of the biggest copper and gold mine in Europe. It is expected that Zijin should simultaneously take over the management of both RTB Bor and Nevsun in early 2019 at the latest. The Chinese corporation obligates to invest USD 1.24 billion in the opening of new mines in Bor, on top of spending USD 200 million to repay old debts, whereas the amount of USD 1.4 billion has been set aside for the purchase of the Canadian company.
U.S. closed, European stocks slump as investor sentiment remains cautious, sterling up 1%, Italian banks fall
European markets traded in negative territory on Thursday as investors remained cautious in the face of Brexit and Italy budget difficulties in Europe, and wider geopolitical tensions. By the mid-afternoon, the pan-European Stoxx 600 was down 2 percent, with all major indexes in negative territory.
Looking at individual stocks, Centrica is down nearly 7 percent. This after the owner of British Gas lost 372,000 home energy accounts in four months amid rising competition. U.S. market was closed due to thanks giving day.