Serbian Government announced Belgrade Airport is required to list, on the Belgrade Stock Exchange, the free shares held by Serbian citizens in 2H2010, following amendments to regulation on free shares (Reuters, 05-Jan-2010). Other companies required to list free shares are oil company, NIS, and telecom company, Srbija. The free shares were issued in 2008, as the Government gave away 20% of capital in state-controlled assets. A tender for the preparation of these companies for listing is expected to be issued shortly.
Belgrade Airport to list free shares on stock exchnage in 2H2010
You may also be interested in the following articles...
HNA's Avolon group to acquire CIT Commercial Air, creating world’s third largest aircraft lessor
HNA Group’s remarkable spending spree continues, with the announcement that its Avolon subsidiary will acquire CIT Commercial Air, the aircraft leasing arm of CIT Group.
The USD10 billion deal will create the world’s third largest lessor - and they may be more to come yet.
Avolon itself was only recently acquired by HNA Group, with the USD2.7 billion purchase agreement being finalised in Jan-2016, via Bohai Capital Holdings.
Avolon is now the core aircraft leasing brand for the HNA Group. Including assets from Hong Kong Aviation Capital, Bohai Capital and several smaller HNA Group leasing firms, Avolon has a fleet of nearly 250 aircraft and almost 200 more on order.
Government ownership is the default position for Africa
Like the Middle East, government ownership is the default position for Africa; that it is coupled with excessive government intervention is no surprise, nor is the poor financial performance of the continent’s airlines. Few are listed, in this environment.