Cinkarna Celje target of takeover bid
A company associated with Martens Management Group, a private Austrian conglomerate which is already active in Slovenia, published on Monday a takeover intent for chemical company Cinkarna Celje valued at just shy of EUR 180m.
Jobless total down 2.4% in May
The number of those registered as unemployed contracted by 2.4 to 76,705 in May as it continues to approach pre-crisis levels after dropping below 80,000 for the first time in nine years in April. Year-on-year, the unemployment rolls declined by 12.5%, show figures released by the Employment Service on Tuesday.
Mercator continues monetizing immovable property – Value of real estate in Serbia, Slovenia, Croatia and B&H EUR 1.4 billion
The sale of real estate owned by Mercator S is a further realization of the plan of the restructuring of Mercator Group from 2017, in the sector pertaining to the monetization of real estate, the company told our portal in relation to the ad for the sale of a parcel owned by the company in New Belgrade. The strategic goal of the company, as they say, is to go for a further reduction of debts, so that funds for new investments in corporate development would be secured by 2021. In Slovenia, Croatia, Bosnia and Herzegovina and Serbia, Mercator Group owns real estate worth EUR 1.4 billion – Mercator S says for our portal.
Nasdaq notches record close as shares of Apple and Amazon jump to new highs; European markets close higher as utility stocks lead gains; Air France-KLM soars 5.5%
U.S. stocks rose on Monday as Apple led the technology sector to a record high. The Nasdaq composite rose 0.5 percent and was on track to post a record close. The tech-heavy index also traded less than a percent away from its intraday record as Apple and Amazon hit all-time highs. Microsoft also helped lift the Nasdaq, rising 0.7 percent after announcing it was acquiring GitHub, a software developer platform, for $7.5 billion. Dow was up 0.72% while S&P500 gained 0.45%.
A rise in retail stocks also boosted the major indexes. Walmart and Target rose 2.7 percent and 5.4 percent, respectively.
European stocks closed higher Monday, amid a slew of corporate news about potential mergers and acquisitions. The pan-European Stoxx 600 closed provisionally up 0.3 percent, with most sectors and major bourses in positive territory.
The region's banking index was also trading higher following a week of political turmoil in Italy and Spain. The Financial Times reported French bank Societe Generale and Italian rival Unicredit were exploring the possibility of a merger. Shares of Societe Generale rose more than 1 percent while Unicredit's stock price fell 1 percent.
Looking at individual stocks, French flag carrier Air France-KLM surged near the top of the European benchmark after AccorHotels said Sunday it was reviewing whether to buy a stake in the company. AccorHotels reportedly said it had previously held discussions with Air France about the possibility to develop joint projects. Shares of Air France rose almost 5.5 percent, while AccorHotel slumped towards the bottom of the index — down almost 7 percent.
Serbina food producers negotaite with retailers in Russia
Representatives of fifteen Serbian companies, producers and exporters of food products, presented their exporting potential in Moscow and had bilateral negotiations with three of the leading Russian store chains, H5, Azbuka Vkusa and Billa, the Chamber of Commerce of Serbia announced. As said, the CCIS and the Ministry of Trade, Tourism and Telecommunication, in cooperation with the Ministry of Economic Development of the Russian Federation, organized over 50 commercial meetings between Serbian exporters and Russian importers on May 31 with the aim of having them establish direct business contacts, enhancing bilateral economic cooperation and increasing Serbian exports.
MK to continue investing in banks in the region
MK Group, which has invested over a billion euros in Serbia in the past 20 years, primarily in agriculture, hotels and banking, according to Miodrag Kostic, its owner, will continue investing in the hotel business, the youngest branch of this holding, and they are also planning the purchase of banks in the region. Among the latest investments of MK group is the takeover of the fifth biggest bank in Slovenia, Gorenjska Banka, Kostic says for Tanjug and adds that they now have a 33% stake, but 61% of the voting rights in the bank
ENHL: Energoprojekt contracted EUR 33.7m worth job in Serbia
Construction company Energoprojekt (ENHL) reported that it contracted EUR 33.7m worth job in Serbia, which is related to construction of business complex at Novi Beograd. Deadline for completion for this job is December 2019.