SERBIA:
Telenor sells CEE assets, including Serbian company
Telenor has sold its assets in Central and Eastern Europe (CEE) to PPF Group for EUR 2.8 billion, the company has announced. The transaction includes Telenor’s wholly-owned mobile operations in Hungary, Bulgaria, Montenegro and Serbia and the technology service provider Telenor Common Operation, a statement said. The CEE operations contributed approximately nine percent of Telenor Group’s revenues and eight percent of EBITDA in 2017, and have more than 9 million customers and around 3,500 employees, the company added.
Izvor: b92
AERO: Agreement on concession of the Nikola Tesla Airport to be signed today
The agreement on the concession of the Belgrade Nikola Tesla Airport (AERO) will be signed with the French company Vinci Airports today, on March 22, 2018, Tanjug learns. The Government of Serbia gave the concession to Vinci Airports, the winner at the tender. The French company offered EUR 501 million for 25 years, with an investment obligation of EUR 732 million, whereas the annual concession fee will be 5 to 16 million euros.
Source: Ekapija
MTLC: Metalac scheduled GA for 26th April
Metalac (MTLC), kitchenware manufacturer, reported that it scheduled annual GA for 26th April, this year. GA is expected to adopt consolidated financial statements for FY 2017, (still not published), as well as to adopted cash dividend proposal and own shares buyback decision.
Source: Belex Ilirika
REGION:
Slovenia producer prices up 2.1% y/y in Fberuary
Slovenia’s producer prices increased 2.1 percent year-on-year in February 2018, slightly below a 2.2 percent rise in the previous month. It is the lowest producer inflation since March 2017 as prices went up at a slower pace for manufacturing (2.1 percent compared to 2.5 percent) and declined more for water supply (-4.9 percent from -3.4 percent). On the other hand, prices rose 2 percent for mining and quarrying, the same as in January and cost rebounded for electricity, gas, steam and air conditioning (2 percent compared to -3.4 percent). On a monthly basis, producer prices went up 0.2 percent. Producer Prices Change in Slovenia averaged 1.94 percent from 2001 until 2018, reaching an all time high of 8.86 percent in January of 2001 and a record low of -3.27 percent in August of 2009.
Source: Ilirika
SBITOP ends Wednesday 0.1 %higher
Slovenian blue-chip index SBITOP moved upwards to 822pts, gaining minor 0.1% on a daily basis. The most traded names were Salus and Krka, since they delivered EUR 510 and 280ths EUR in volume. Krka added 0.7%, while Salus was down 0.97%. Top gainer was Slovenian Telekom , with 1.23% jump.
Source: LJSE, Ilirika
INO:
Stocks close lower after Fed hikes rates, upgrades economic outlook, European markets close lower
U.S. stocks whipsawed on Wednesday after the Federal Reserve upgraded its economic outlook and increased interest rates (by 25bp as expected). The central bank also increased its rate-hike forecast for next year. Dow and S&P500 lost identical 0.18%, while Nasdaq was down 0.26%. Treasury yields briefly rose after the Fed announcement. The benchmark 10-year yield broke above 2.9 percent before retreating to trade at 2.887 percent. The two-year yield also slipped from a nine-year high.
In corporate news, Facebook shares bounced off the week's lows with a 0.8 percent gain as some top investors said the recent sell-off reflects a temporary issue. The social media giant faces an investor lawsuit after reports emerged alleging that Cambridge Analytica, an analytics company, had gathered data from 50 million Facebook profiles without the permission of its users.
European markets closed lower on Wednesday afternoon as investors awaited a likely hike in U.S. interest rates later in the day. The pan-European Stoxx 600 closed slightly lower, down by 0.17 percent with business sectors and major bourses revealing a mixed bag at the end of the day's trading.
In individual stocks, Ubisoft surged to near the top of the European benchmark after Vivendi chairman Vincent Bollore lost a two-year battle against its founders. French media group Vivendi announced plans to sell its stake in the video games-maker for 2 billion euros ($2.45 billion) on Wednesday. Shares of Ubisoft ended the trading day up 3.8 percent.
Europe's second-largest home improvement retailer, Kingfisher, slumped to the bottom of the index as the group forecast a mixed outlook. The company posted a better-than-expected rise in annual profits on Wednesday but said a more "uncertain" future was a concern. Its shares had tanked 10.7 percent by the market close.
Source: CNBC, Ilirka