Telenor’s acquisition of Mobi63 is the biggest investment in Serbia so far worth 1,5 billion euros.
Source: B92, SIEPA
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This latest investment has pushed the top place holder Phillip Morris into second place. The American company purchased the Niš Tobacco industry (DIN) for 611 million euros.
Leading investors list includes the Italian Banca Intesa and Belgian InBev. Mercator is placed within the top five, with the most significant Greenfield investment, as well as the Russian Lukoil.
This year, the government expects foreign investments to reach three billion euros. Soon the result of the Vojvođanska bank tender will be revealed. The price is expected to reach between 400 and 500 million euros.
Privatization process in underway for the pharmaceutical concern Hemofarm, the value of which could reach 485 million euros if the German generic drug manufacturer Stada manages to acquire 100 % of stock.
Company
Country of origin
Sector
Type of investment
Value in m. euros
Telenor
Norway
Telecom
Privatisation
1513
Phillip Morris
U.S.A.
Tobacco
Privatisation
611
Banca Intesa
Italy
Banking
Takeover
462
InBev
Belgium
Beer
Takeover
430
Mercator
Slovenia
Retail
Greenfield
240
Holcim
Switzerland
Construction
Privatization
185
Alfa Bank
Greece
Banking
Privatization
152
U.S. Steel
U.S.A.
Steel
Acquisition
150
Metro Cash & Carry
Germany
Wholesale
Greenfield
150
OMV
Austria
Energy
Greenfield
150
Coca-Cola
U.S.A.
Beverages
Takeover
142
OTP
Hungary
Banking
Privatization
132
Lafarge
France
Construction
Privatization
126
San Paolo
Italy
Banking
Privatization
122
Cimos
Slovenia
Steel
Privatization
100
Africa Israel Corp./Tidhar Group
Israel
Real estate
Greenfield
100
JTI
Japan
Tobacco
Privatisation
100
Note: Data provided should be taken with reserve due to a lack of a unique methodology in tracking direct foreign investments.
When it comes to the privatization, the total sum includes the price for the 70 per cent share of companies, planned investments and social program.
In takeover cases, the data is obtained by adding the paid amount of money for a particular share of capital and the volume of future investments as communicated by companies in question.
Greenfield investment values are represented as the sum of realized and planned investments.