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Serbia's Jedinstvo sells Novi Pazar-put to GP Inkop

Author Radomir Ralev
Serbia's Jedinstvo sells Novi Pazar-put to GP Inkop Source: Jedinstvo

BELGRADE (Serbia), January 15 (SeeNews) - Serbian blue-chip construction company Jedinstvo [BEL:JESV] has completed the sale of the entire capital of its subsidiary Novi Pazar-put to sector player GP Inkop, according to data from the Serbian trade register.

The sale agreement for road construction and maintenance company Novi Pazar-put was signed on December 30, Jedinstvo said in a filing with the Belgrade Stock Exchange on Tuesday without specifying the value of the transaction.

GP Inkop was inscribed as the owner of the entire capital of Novi Pazar-put in the Serbian trade register on January 6, data from the trade register showed.

Before the transaction, Jedinstvo was the direct owner of 22.7% stake in the capital of Novi Pazar-put, while 77.3% was controlled by its fully-owned subsidiary Novi Put Plus.

GP Inkop, based in Cuprija, is owned by Serbian citizens Zarko Veselinovic, Zvonko Veselinovic and Milan Radoicic. The company participated in the construction of the motorway section of pan-European Corridor XI in Serbia as a subcontractor of Energoprojekt Niskogradnja [BEL:EPNS], a subsidiary of blue-chip civil engineering group Energoprojekt [BEL:ENHL].