Share Fund sells packages of stocks of five companies on Belgrade Stock Exchange

The Share Fund of Republic of Serbia announced today (November 3, 2008) that it would offer 15% of stocks from the Privatization registry of five privatized companies for sale on the Belgrade Stock Exchange on November 6th.

The companies whose minority packages of stocks will be offered for sale are: "Zdravlje" from Leskovac (83,027 stocks), "Putnik" from Belgrade (111,229), "Veterinarian Institute" from Zemun (14,761), "Lukoil Beopetrol" (20,357) and "Rubin" from Kruševac (14,685).

All physical and juristic persons will be able to buy these stocks. According to the Law on right on free stocks, the money from the sale of the stocks from the Privatization registry will be directed to the special restricted account and then distributed among the citizens of Serbia.

The prices of stocks will not be lower than the prices paid by the buyers in the privatization procedure.

The Law stipulates that the stocks from the Privatization Fund must be sold prior to December 31st, 2008, but it is possible for that deadline to be extended due to global financial crisis.

The sale of stocks from the Privatization registry started in May 2008 and, so far, the stocks of 15 companies have been sold for total of 70.1m EUR.