ZB Invest increases stake in Messer-Tehnogas

Croatian investment fund ZB Invest was the largest buyer of shares of Belgrade-based manufacturer and distributor of technical gases Tehnogas last week, after it bought 1,400 shares of this company from Jubmes Banka.

ZB Invest is the second largest shareholder of Tehnogas with the ownership share of 4% and it is by far the largest minor shareholder. The majority owner of Tehnogas is German Messer, which runs this company for more than 10 years.

In the last business year, Tehnogas registered a consolidated business revenue of 5.16 billion dinars and a consolidated net profit of 725.1 million dinars. At the last market price of RSD 5,860, the market capitalization of this company amounts to 6.1 billion dinars (57.5 million euros).