Serbian company Metico Investment is considering full ownership of port operator Luka Beograd


BELGRADE (Serbia), Jan.5 (SeeNews) – Metico Investment, a Belgrade-based investment firm, has announced plans to acquire the remaining 6.35% of river port operator Luka Beograd [BEL:LGBD] it doesn’t already have.

Metico will announce the details of its takeover offer once it obtains approval from the Securities Commission, it said in a statement on Tuesday to the Belgrade Stock Exchange (BELEX).

Metico acquired a 93.65% stake in Luka Beograd, or more than 6.52 million shares, on December 30 via a transfer of shares as part of a legal settlement, according to an earlier stock exchange filing . The seller’s name was not disclosed, however.

According to the latest information available on Luka Beograd’s website, the owner of the majority stake as of July 12, 2021 was the Luxembourg investment fund Worldfin.

Worldfin bought 93.5% of Luka Beograd in 2005.

Medico Investment, founded in 2020, is 100% owned by Greek real estate company Oradea Monoprosopi IKE, according to trade register data.

Luka Beograd was last traded on the Belgrade Stock Exchange on July 7, when 298 shares changed hands at 800 dinars ($ 7.70 / 6.80 euros) each.

(1 euro = 117.582 Serbian dinars)

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