04
May
2007
METROPOL Group of companies purchased 75 % of shares of Serbian travel agency "Putnik"
Cyprian company Acciona Investments Limited, one of the
companies within METROPOL Group, purchased in Belgrad stock
exchange 75 % of shares of Serbian travel agency "Poutnik". 70 % of
shares of the company were purchased from the state, 5 % - from
private shareholders. The sum of the transaction was about 42
million euro. METROPOL Group signed on the dotted line to invest
additionally in the company 20 million euro and also to pay off all
the debts of "Putnik" (11 million euro).
"Poutnik" is one of the oldest travel companies in Serbia that
was founded in 1923. The company owns a network of hotels on the
territory of Serbia and a 30 hectares island of Sacred Mark in
Montenegro. But this well known all over the world brand seriously
lost its positions of the tourist market after the previous
unsuccessful privatization of the company.
