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EDITOR'S CHOICE - Top stories of the week

EDITOR'S CHOICE - Top stories of the week wrangler/Shutterstock.com

SOFIA (Bulgaria), June 5 (SeeNews) - Following is a selection of top stories moved by SeeNews over the past week:

 

CROATIA'S ADRIS GRUPA SIGNS DEAL TO SELL TOBACCO ARM TO BAT

Croatian diversified conglomerate Adris Grupa [ZSE:ADRS-P-A] said on Monday it has signed a deal to sell its tobacco arm Tvornica Duhana Rovinj (TDR) to British American Tobacco (BAT).

The deal, valued at 505 million euro ($551.6 million) after the deduction of TDR's liabilities, still has to be approved by Adris Grupa's shareholders at a general assembly scheduled for July 14, Adris Grupa said in a statement.

Read more about the deal at: http://wire.seenews.com/news/croatias-adris-grupa-signs-deal-to-sell-tobacco-arm-to-bat-478646

and an analyst comment at: http://wire.seenews.com/news/croatia-s-adris-may-tap-tdr-sale-proceeds-to-boost-insurance-footprint-crack-new-sectors-analyst-479367

 

BULGARIA'S BULSTRAD BUYS NON-LIFE INSURER UBB AIG

The Vienna Insurance Group said on Tuesday its Bulgarian unit Bulstrad has entered into an agreement to fully acquire non-life insurer UBB AIG and conclude a cooperation agreement with the United Bulgarian Bank (UBB).

Read more at: http://wire.seenews.com/news/update-1-bulgarias-bulstrad-buys-non-life-insurer-ubb-aig-478876

 

MACEDONIAN LEADERS AGREE ON EARLY ELECTIONS BY END-APRIL 2016 - EU COMMISSIONER

Macedonia's political leaders agreed on holding early parliamentary elections by the end of April 2016 to end the political crisis in the country, EU enlargement commissioner Johannes Hahn said.

Read more at: http://wire.seenews.com/news/macedonian-leaders-agree-on-early-elections-by-end-april-2016-eu-commissioner-479012

 

ROMANIA MAY ISSUE 1.0-1.5 BLN EURO IN DEBT IN INTL MARKETS IN AUTUMN

Romania may issue 1.0 - 1.5 billion euro ($1.3 -1.7 billion) in debt on international markets in the autumn,  Diana Popescu, general deputy director of the Treasury and public debt department of the finance ministry, told SeeNews on the sidelines of the Euromoney Regional Finance and Investment Conference for SouthEast Europe in Bucharest.

Read more at: http://wire.seenews.com/news/romania-may-issue-1-0-1-5-bln-euro-in-debt-on-intl-markets-in-autumn-479215

 

CROATIAN GOVT OKS AWARD OF SIX ONSHORE OIL, GAS EXPLORATION LICENSES

The Croatian government approved on Wednesday awarding six licenses to three companies to explore for oil and gas in the northern Drava river basin and in the country’s east.

The government will award four licenses to Vermilion Zagreb Exploration, a unit of Canadian-based energy group Vermilion. Oil and gas company INA [ZSE:INA-R-A], co-owned by Croatia and Hungary's MOL, will get one license as will Nigerian-based Oando.

Read more at: http://wire.seenews.com/news/croatian-govt-oks-award-of-six-onshore-oil-gas-exploration-licenses-478984
 

CROATIA PLANS TO RAISE 1.5 BLM EURO IN HAC-ONC IPO - DRAFT LAW

The Croatian government expects to raise 1.5 billion euro ($1.7 billion) net from the planned initial public offering (IPO) of HAC-ONC, the maintenance and tolling unit of highway operator Hrvatske Autoceste (HAC), the text of a draft law on the deleveraging of the country's motorway sector indicated.

Read more at: http://wire.seenews.com/news/croatia-plans-to-raise-1-5-bln-euro-in-hac-onc-ipo-draft-law-479276
 

SLOVENIA'S PIVOVARNA LASKO SIGNS DEAL TO SELL NEWS DAILY DELO

Slovenian beverage group Pivovarna Lasko [LJE:PILR] said on Wednesday it has signed a deal to sell to local company FMR newspaper publisher Delo. FMR will pay a total of 7.3 million euro ($8.1 million) for the publisher, Pivovarna Lasko, which holds 100% of Delo, said in a filing to the Ljubljana bourse.

Read more at: http://wire.seenews.com/news/slovenias-pivovarna-lasko-signs-deal-to-sell-news-daily-delo-479043

 

SERBIA, US DEAL PAVES WAY FOR DIRECT OVERSEAS FLIGHTS BY END-2015, EARLY 2016 - MIN

Serbia has signed an air traffic agreement with the US, which will enable direct trans-Atlantic flights between the two countries, the Balkan country's transport ministry said.

Read more at: http://wire.seenews.com/news/serbia-us-deal-paves-way-for-direct-overseas-flights-by-end-2015-early-2016-min-478710

 

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