Russians bought tyre industry "Rekord", "Swisslion" procured meat industry "Mitros", "Zastava šped" and "Zastava hidroelektrane" sold

Source: Glas javnosti Friday, 11.03.2005. 15:00
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"Swisslion Takovo" company bought meat industry "Mitros" at starting price of 36.1 million CSD. By this procurement, Swisslion practically saved Mitros from bankruptcy since it has debts of over 556.6 million CSD.

Also, tyre factory "Rekord" was sold for €5.2m to "Viza hem", which is part of big Russian financial group "Viza". Russian investor is present for two years in this Rakovica-based factory, in which it has already invested €3.5m. Besides petrochemical and tire industry, "Viza" encompasses mobile telephony company and it gathers Russian businessmen who have annual income of 5 - 10 billion USD. Russians are also interested in some other factories, such as Loznica-based "Viskoza" and Kruševac-based "Trayal".

Since they bought companies in restructuring, Russians do not take over their debts, which will be paid to the creditors from the selling price. Two companies from "Zastava" group obtained new owners. "Zastava šped" was bought by Slovenian freight-forwarding company "Vator i Vektor" from Ljubljana for 9.56 million CSD, while Nenad Vasiljević procured "Zastava hidroelektrane" for 400,000 CSD.

Ivanjica-based factory "Javor" also joined the group of sold companies in restructuring. It was bought by private company "Klub Mode" for 2.54 million CSD.

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