THE EUROPARK COMPANY ANNOUNCED THE INTENT TO TAKE OVER THE REST OF 30 % OF SHARES OF THE “VENCAC” COMPANY FROM ARANDJELOVAC

The company “Eiropark” from Belgrade announced in public their offer for taking over the 30 % of the rest of the shares of the company “Vencac”- mine and marble industry for 189 million dinars.

This Belgrade company has the intent to buy the rest of the shares, 76.236 in total for 2.480 dinars each, it was published at the official web site of the Serbian Business Registers Agency.

This public invitation will be opened until July 22.

“Europark” company has bought 70 % of the company Vencac at the tender published in January this year for 5,2 mil € and made a firm commitment that will invest into the modernization of the production process 4 mil €.

The present price pre share of the company “Vencac” at the Belgrade Stock Exchange is 2.000 dinars, and the market value of the company “Vencac” is one million dinars.

The company “Vencac” closed the production for the last year in bankruptcy with 340 million dinars of loss.