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Croatia’s share indices extend gains thanks to Podravka, Adris
Ljubljana share indices end week up, Telekom Slovenije leads gainers
Sep 16, 2009 17:14 EEST
BELGRADE (Serbia), September 16 (SeeNews) – The Belgrade Stock Exchange (BELEX) said on Wednesday the Serbian subsidiary of Germany’s Messer Group will return as a component of its blue-chip index, replacing confectionery maker Bambi-Banat as of September 30.
During a regular revision of the 15-share index, the bourse decided to add industrial gas producer Messer Technogas and to drop Bambi-Banat due to its extremely low market liquidity, the BELEX said in a statement on its website.
Messer Technogas was bounced out of the blue-chip index on March 31 after the previous regular review of the stock gauge. It was replaced with fodder producer Veterinarski Zavod.
Messer Group owns 82% of its Serbian unit.
Bambi-Banat is 59.6%-owned by Danube Foods Group, part of UK-based New World Value Fund, owned and managed by UK-based Salford.
Messer Technogas stock rose 6.46% to 6,9213 dinars ($74/108 euro) on Wednesday. Bambi-Banat stock was last traded on Tuesday, ending down 2.26% at 8,796 dinars.
(1 euro=93.791 Serbian dinars)
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