Croatian regional gas supplier Energo has bought 99.9% of local Amga Adria, an authorised concessionaire for gas distribution in three Croatian municipalities, for 12.5 million kuna ($2.3 million/1.7 million euro).
Via the acquisition, Energo has expanded its operations outside the northern city of Rijeka, since Amga Adria distributes gas in Cavle, Kostrena and Kraljevica.
The three municipalities, located on the northern Adriatic coast, hold 0.03 %t of Amga Adria each.
Energo bought the majority stake in Amga Adria from Italian utility AMGA Azienda Multiservizi S.p.A and Italian investment company Finest.
Amga Adria (www.amga-adria.hr), set up in 2000, was awarded a 30-year gas supply concession in the same year. Its assets include a 40-km gas pipeline network and two gas production facilities.
What are your expectations about the levels of foreign direct investments (FDI) in the south-east European countries by end-2008, considering that in the first six months of the year half of the countries in the region registered lower FDI inflow y/y?
Aug 5, 2008
Less FDI will be attracted
FDI will exceed last year’s level
The level of FDI will be almost unchanged
The level of FDI will depend on global business climate
Count Dracula, a fictional character in the Dracula novel, was inspired by one of the best-known figures of the Romanian history — Vlad Dracula, nicknamed Vlad Tepes (Vlad the Impaler) — that was a ruler of the principality of Wallachia (1456-1462).
Count Dracula, a fictional character in the Dracula novel, was inspired by one of the best-known figures of the Romanian history — Vlad Dracula, nicknamed Vlad Tepes (Vlad the Impaler) — that was a ruler of the principality of Wallachia (1456-1462).
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