Matthew Greenburgh
Expert
Pridružio : 09 Avg 2007
Poruke : 783
 |  Naslov: EPS news  7th Decembar 2007, 22:25 | |
| 07/12/2007 Elektroprivreda Srbije to seek JV's that may lead to strategic partnerships; IPO not seen in near term, advisor to PM says
Elektroprivreda Srbije [EPS], the Serbian state-controlled electricity company, is set to seek major investment in lignite power station development, said Milan Parivodic, economic advisor to Serbia's prime minister's office. The one-on-one interview interview took place in Vienna.
"I expect EPS to make joint ventures with foreign investors to develop power stations," he said. He also noted a forthcoming large plant planned 60 km from Belgrade.
"The equity issue of EPS is not yet decided because the price of electricity is too low," he added, but a decision has been made to attract JVs and look to expand the company. Once these partnerships are established, there may be a basis for JV partners to expand their cooperation and perhaps be in a strong position if a strategic stake is sold, he said. Such a sale is unlikely to take place before 2010, he added.
In a follow up question regarding the possibility of a 15% IPO reported in the press, Parivodic said that this option also would not be likely until much further down the line, and could possibly even be delayed to 2010. He declined to discuss the option further.
A banking source not acting on the matter but with detailed knowledge of the market said the problem is that the Belgrade Stock Exchange [BSE] "is at a very initial stage" and is "very shallow, with few interesting companies trading." The problem for EPS and many other companies in Serbia is that the requirements of international accounting standards are holding back companies from listing. "The National Bank is trying to encourage companies such as state entities like EPS and private companies to list, but you do not find enough details in audited reports," he said.
"IFRS 7 for example requires the presentation of a lot of detail such as the purposes of investments and long term strategies for which EPS is not likely to be ready to provide for some time," he said. "In general in Serbia, when you look at official papers, things look good but they are not always supported in realisation and resources."
EPS could offer a 15% stake in an IPO, according to Mladjan Dinkic, the economy and regional development minister, an earlier press report said. Dinkic added that the potential EUR 1bn raised in the IPO on the BSE would be used to build two power plants instead of having a strategic investor. The EPS group has a value of more than EUR 10bn, according to another earlier report.
Source mergermarket
Value GBP 7,211m (reported value of EPS group)
Stake Value N/A
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He makes millions of dollars come out of those phones. He is the most revered of all species: a Big Swinging Dick. |
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Gost
Gost
| | Naslov: Re: EPS news 7th Decembar 2007, 22:43 | |
| Sve sto je brzo to je i kuso.
Mada jedan Ipo bi lego ko kec na deset al..... 
Armosfera je trula ,mora biti prociscena politicka klima za bilo kakav korak u tom pravcu. |
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Friz
Old member
Godina : 38
Pridružio : 16 Dec 2007
Poruke : 355
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Dušan85
Partner
Godina : 23
Pridružio : 23 Mar 2008
Poruke : 739
| | Naslov: Re: EPS news 8th Novembar 2008, 17:14 | |
| "Ukrao" link sa bratskog foruma 
Rusija kupuje ceo EPS?
Između ostalog kaže:
"Rusi su srpskoj strani stavili do znanja da su protiv tenderske prodaje, već insistiraju na prodaji putem direktnih pregovora, kao u slučaju Naftne industrije Srbije."
U (slobodnom) prevodu: "Braćo Srbi, naguzite se"...  |
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