EPS Wants to Be Joint-Stock Company, Waiting for Government’s Decision

The Supervisory Board of the PE Elektroprivreda Srbije (EPS) has adopted the proposal of the decision on the changing of the legal form into a joint-stock company, the proposal of the amendments to the founding act and the proposal of the Joint-Stock Company Statute. These proposals were adopted so that EPS would propose that the Government, as its founder, change the legal form from a public enterprise into a joint-stock company, writes Nova Ekonomija.

The adopted decision envisages for EPS to continue operating as a non-public joint-stock company and to stop operating as a public enterprise, writes Nova Ekonomija.

The basic capital of EPS is to be turned into equity capital, and the state is to become the absolute owner of all 36,510,509 shares.

The basic capital of EPS is RSD 365 billion. Of that, the monetary share is RSD 4.2 billion, whereas the non-monetary share is RSD 360.9 billion.

The expected effects of the transformation of EPS from a public enterprise into a joint-stock company are the achieving of the maximum efficiency of operations and the establishment of an efficient management system and business management. The change should also lead to a more rational use of the staff potential and more favorable conditions for a more efficient opening and development of the market, says the decision of the Supervisory Board of EPS.

Elektroprivreda Srbije ad Beograd

Vlada Republike Srbije

Elektroprivreda Srbije

EPS

Government of Serbia

public enterprise

joint stock company

request for change of legal form