Jedinstvo Sevojno has acquired Pozega-based foundry (Livnica Pozega), which was in a restructuring process, the company reported on the Belgrade Stock Exchange.
This transaction was RSD 309 million (EUR 2.5 million) worth as it was placed bid from Jedinstvo, apart from a lower amount offered by Polish Luma Investment, which was the other company competing for Livnica Pozega.
Mr Mica Micic, the President of Jedinstvo, says that Livnica Pozega is an export oriented company which faced troubles due to the high debt. The company is now bought free of debt and Jedinstvo will tend to increase production and invest certain amount of money (EUR 0.5 million).
Livnica Pozega is now the ninth depended company from Jedinstvo Group, which has annual revenue of around EUR 70m, Mr Micic added.