Share Fund sells 15% stake in Impol Seval

The Share Fund has announced it will start selling stakes in several companies on the Belgrade Stock Exchange in the following period. The most significant among these companies is Impol Seval from Sevojno, as well as Novi Pazar-based Sloga, the industry of building materials.

The Share Fund intends to sell a 4.4-percent stake in Sloga brickyard and a 15-percent stake in Impol. The shares of Impol Seval have been around the level of RSD 880 a piece over the last few weeks. At that price, the company's market capitalization amounts to RSD 829.2 million (EUR 8.1 million).

This aluminum mill achieved excellent business results last year, registering the record business revenue of RSD 11 billion and the net profit of RSD 245.2 million.