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Serbia
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Fortenova sells agri unit to Podravka for 333 mln euro
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Italy's European Holding Invest To Pour 200 Mln Euro in Serbia - Media

Nov 11, 2008, 12:43:28 PMArticle by Vera Ovanin
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BELGRADE (Serbia), November 11 (SeeNews) – Italian investment fund European Holding Invest plans to buy Serbia’s state-owned furniture producer Savremeni Dom and invest 200 million euro ($255 million) in the construction of new facilities, Serbian web portal Emportal reported on Tuesday.

Italy's European Holding Invest To Pour 200 Mln Euro in Serbia - Media

The 30-hectare property, located in Krusevac, will accommodate production halls, retail areas and a residential complex with a total area of 250,000 square metres, Emportal quoted a company official as saying.

The facilities will employ 3,000 people, Emportal reported.

($ = 0.7834 euro)

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