Su­gar in­dus­try re­luc­tant to sell its Ser­bian plants

Kathimerini English - - Focus -

Stream­lin­ing the Hel­lenic Su­gar In­dus­try (HSI) is prov­ing a tricky process, as its man­age­ment ap­pears re­luc­tant to de­clare Ser­bia’s MK Group, which has of­fered 50 mil­lion eu­ros for its two plants in Ser­bia, as the pre­ferred bid­der in the ten­der. HSI Pres­i­dent An­to­nios Hatzidi­ma­natis told Kathimerini “we are not sat­is­fied by the im­proved of­fers sub­mit­ted as they are be­low the en­ter­prise’s value at the mo­ment.” He added that the com­pany will try to con­vince its cred­i­tor, Pi­raeus Bank, “that the ten­der should be de­clared void be­cause our sub­sidiaries have a value and a fu­ture.” Sources say the in­dus­try has val­ued the two plants at 80-85 mil­lion eu­ros. first five months of 2017 dropped by 77.2 per­cent year-on-year, pre­lim­i­nary data of the Bul­gar­ian Na­tional Bank (BNB) showed yes­ter­day. In the Jan­uary-May pe­riod, FDI in Bul­garia, pre­sented ac­cord­ing to the di­rec­tional prin­ci­ple, amounted to 119.8 mil­lion eu­ros, while in the same pe­riod of 2016 the fig­ure stood at 525.7 mil­lion eu­ros, the BNB said.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.