engineering

State Sells Energoprojekt Stake as Majority Owner Moves Toward Full Ownership

Serbia has exited its long-held 33.89% stake in Energoprojekt Holding, enabling majority shareholder Napred Razvoj and its affiliated investor group to exceed the 90% ownership threshold, a level that allows the compulsory acquisition of remaining minority shares under Serbian law. The transaction marks a significant ownership change for one of the Belgrade Stock Exchange's longest-listed engineering companies while coinciding with the government's broader efforts to strengthen the domestic capital market. The disposal comes during the implementation of Serbia's Capital Market…