Nikomms increases its ownership stake in Tigar to 17.7%

Belgrade-based trade company Nikomms has informed the public through the Belgrade Stock Exchange that its ownership stake in Tigar now amounts to 17.7%, Wisebroker reports.

Holding 33.7% of Tigar shares through the Share Fund and the Pension and Disability Insurance Fund, only the state has a bigger ownership stake in this Pirot-based company than Nikomms.

Tigar's current market cap is at as low as RSD 149.5 million (EUR 1.2 million), which is a direct consequence of unenviable financial position of the company. At the end of the last year, Tigar had a net debt of about EUR 44 million.