The Serbian Commission for Protection of Competition of has announced that it has approved European Bank for Reconstruction and Development (EBRD) the acquisition of a 16.72% stake in the Kragujevac-based furniture company Forma Ideale.
The EBRD will pay 10 million euro for the acquisition of this minority share.
After the transaction is finalized, in addition to the EBRD, the Kragujevac company will be owned by Vladimir Lazarevic (36.68%), Nikola Lazarevic (35.2%), Milanka Djolic (1.67%) and the enterprise itself, which has a 9.72% stake.
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Forma Ideale produces furniture in Kragujevac and Majdanpek and has stores in 26 cities and towns in Serbia.
In 2009, the EBRD invested 7 million euro in Forma Ideale. This international finance institution has a minority stake in several private companies in Serbia.
This post is also available in: Italiano