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Nov 02, 2007 17:54 EEST
November 2 (SeeNews) - Serbia raised 1.1 billion dinars ($20.6 million/14.2 million euro) from the sale of majority stakes in ten insolvent companies at an auction held on Friday in the northern Serbian town of Novi Sad, the government’s Privatisation Agency said.
Open market operator Trznica, with a call price of 52.6 million dinars, fetched the highest price of 910 million dinars paid by Belgrade businessman Milorad Pusica, the asset-selling agency said in a statement.
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Trznica’s net profit fell to 9.5 million dinars in 2005 from a net profit of 12.4 million dinars in 2004, according to latest available data.
(1 euro = 77.3263 Serbian dinars)
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