Telekom Srbija considers new acquisitions – Focus on operators in Serbia and Republika Srpska
Telekom Srbija has reduced its debt significantly in the past few years and now is the time time for a new investment cycle, the CEO of the company Predrag Culibrk said during Digital 2018, a conference focused on new telecommunications and digital trends. We are considering acquiring telecommunication operators in Serbia and Republika Srpska where we are already offering multimedia services, with the intent on improving our market position in the field of multimedia services. Our investments in media content are connected with this, Predrag Culibrk said. He added that Telekom Serbia, that is, sport channel Arena Sport has secured coverage for UEFA Champions League and Italian Serie A for the next three years.
One company submits offer for PKB
Only one company submitted an offer to purchase Poljoprivredna Korporacija Beograd (PKB) and it subsidiaries, the Ministry of Agriculture confirmed for Tanjug. Two companies bought the tendering documentation by September 10, when the deadline for submitting bids in the privatization of PKB and its subsidiaries expired, and only one company submitted an offer for purchase, the Ministry said. The initial price of the property, including the capital of three subsidiaries, amounts to EUR 104,5 million and the future owner will have to pay for the cattle separately.
Alibunar Wind Farm with capacity of 42 MW opens – Investment worth EUR 80 million
Elicio NV finished construction of the new Alibunar Wind Farm with the total installed power of 42 MW that consists of 21 wind turbine and will supply 38,000 households using wind power. The opening ceremony that was held today was also attended by the Minister of Mining and Energy, Aleksandar Antic. The investment for the wind far construction is worth EUR 80 million. Beside the 21 wind turbines the wind farm complex also includes completed transformer station and distribution station. The first kilowatts of green energy are expected to be produced and distributed during October.
Agrokor reports operating profit higher than planned, Konzum improves performances
Agrokor reported its monthly numbers for the period 11th August – 10th September, which account operations of 16 daughter units. The operating result is better than planned for HRK 20.7m and it totaled HRK 1.1bn.However, at the consolidated level, sales are 6% lower versus planned, amounting to HRK 13.4bn, the same statement says.
Source: Seebiz, Ilirika
Dow rises more than 100 points as Apple leads tech shares higher, Europe ends slightly under pressure as trade concerns rumble on
U.S. stocks rose on Tuesday as a rebound in tech shares offset lingering concerns over trade. The Dow Jones Industrial Average settled up 114 points as Apple and Exxon Mobil outperformed. The Dow also got a boost from Nike shares. The S&P 500 gained 0.4 percent as tech shares climbed, with energy shares also helping raise the index. The Nasdaq Composite advanced 0.6 percent as shares of some of the largest tech companies rose.
Apple gained 2.5 percent, snapping a four-day losing streak, after analysts at UBS raised their price target to $250 from $215, citing the potential growth of the company's services business. Apple is holding a big event at its new headquarters on Wednesday, where it's expected to announce several new products. Netflix and Amazon also rose 2.2 percent and 2.5 percent, respectively, while Twitter jumped 1.2 percent.
Stocks in Europe finished Tuesday's trading session slightly down, as investors monitored global trade developments. The pan-European STOXX 600 provisionally closed 0.05 percent lower, with the majority of sectors trading in negative territory by the close.
Looking across the European benchmark, ArcelorMittal fell 2 percent, after news that the steelmaker had raised its offer to buy Essar Steel. Heineken shares dropped 1.4 percent following some rating downgrades by analysts.