Sale of Paint Producer JUB

It has been unofficially reported that the paint producer JUB has begun the sale procedure, only considering strategic buyers from the industry – three of whom have supposedly been shortlisted.

NLB Group to sell NLB Skladi

The largest Slovenian banking group has decided to sell one of its most profitable businesses NLB Skladi, which manages assets in funds and individual management.

Companies Owned by Private Equity Funds Likely to be Sold

It is expected that many private equity funds will be exiting from their investments in Slovenia this year

Modernisation of National Railway Lines

The Bulgarian national company “Railway Infrastructure” (NCRI) has announced an investment proposal for the modernisation of the railway line Vidin – Medkovets, railway section I of the railway line Vidin – Sofia. The project includes the construction of a new catenary, construction of a railway, railway facilities and new railway stations. The project amount is expected to be around EUR 460 million. NCRI expects that the project will be funded under the Connecting Europe Facility (CEF2) programme. Further details of the project have not yet been announced.

Possible Sale of Adriafin, Owner of Vinakoper

A compulsory settlement of Istrabenz Holding Company at the request of the Slovenian Bank Assets Management Company (BAMC) was approved last year. In this procedure, EUR 65 million of the company's total debt of EUR 75 million was turned into equity. Some of Istrabenz's smaller assets have been taken over by BAMC, while the remaining assets of the holding are expected to be sold gradually, and the holding then sent into liquidation or bankruptcy. The holding's investments include a half-share in Adriafin, which owns a 78% share in the Slovenian wine producer Vinakoper (the other large owner is…

Ford Otosan Investment

Ford Otosan announced that a new investment of EUR 2 billion will be made within the scope of the transformation of the Kocaeli factories, which is one of Europe's largest commercial vehicle production base, to produce electric cars. Accordingly, within the strategic partnership of Ford and Volkswagen, the new generation of Volkswagen commercial vehicles model 1-ton will be produced in Turkey by Ford Otosan. With this new investment, the Kocaeli factories aim to become Turkey's first and only integrated production facility of electric vehicles. With this 10-year investment, the number of Ford…

Serbia Plans to Install Floating Facility for Hydrogen Production

Serbia’s draft hydrogen strategy should be prepared by the summer, followed by a public debate. The plan is to give hydrogen a significant role in the development of the new energy development strategy, which will start soon. Zoran Ilic, Assistant Minister of Mining and Energy announced that the first plant for the production of hydrogen is planned to be built in the vicinity of the Sava or Danube rivers. It would be a floating mobile platform with 110 hydrogen tanks of 50 cubic meters each and facilities for the production of electricity – wind or solar power plants, with up to 3 MW in total…

Sale of a Wind Farm Project in Kladovo

A global development and engineering EU-based company is the developer of a wind farm project in Kladovo (Serbia) that is currently in a pre-development phase. The owner is looking for a strategic partner or a financial investor that would continue with the construction of the wind farm. The transaction entails the sale of more than 50% equity of the SPV, which holds the rights to the project.

Sale of Bela Anta Wind Farm Project

Bela Anta Wind Farm Project is being developed near the city of Pancevo. Bela Anta will consist of 36 wind turbines each of capacity 3.3 MW totalling 118 MW. Developer is in the process of updating the construction permit and EIA. Commissioning of Bela Anta is expected in 2022.

Medical Cannabis

A family-owned local company is interested in finding a strategic co-investor in a medical cannabis production business. The local company holds a license for the cultivation of medical cannabis and operates on 60,000m2. The facility is part of a greenhouse complex covering 300,000m2, enabling expansion of the licence on the full greenhouse area.

Infrastructure Projects

The National Recovery and Resilience Plan (PNRR), prepared by the Romanian Government, covers reforms and public investment projects, supported by the European Commission. According to the Recovery and Resilience Facility, Romania will get approximately EUR 30 billion. In the road infrastructure field, in the proposed PNRR, Romania will allocate EUR 2.69 billion for various projects, including: Highways: A1 – section Margina – Holdea; total value of the project: EUR 302 million; A3 – section Nadaselu – Poarta Salajului; total value of the project: EUR 418 million; A8 – sections…

Restructuring in Bulgarian TV Operator Bulsatcom

In November 2020, the investment company Integral Venture Partners, which is financed by the EBRD and the EIB, announced its investment across the capital structure of the largest Bulgarian pay-TV and broadband operator Bulsatcom. The terms of the investment were not disclosed. Аfter the current investment, publicly available resources indicate that the next stage in the development of Bulsatcom may be its sale. In 2019, Bulsatcom booked BGN 158.3 million (approximately EUR 80.7 million) revenue, negative EBITDA of BGN 83 million (approximately EUR 42.3 million) and a net loss of BGN 122.8 million…