SERBIA:
Value of construction works in Serbia higher by 28.1% in 1Q 2018
Remarkably good results were recorded in the construction sector in the first quarter of the current year, the Ministry of Construction, Transport and Infrastructure announced on Saturday, May 26, 2018, and added that, along with an increase in the value of the works carried out by 28.1% compared to the same period in 2017, the number of building permits issued also grew by 14.1%.
Source: Ekapija
Contract on 3rd section of Belgrade-Budapest rail line due
An agreement is in place with the Chinese side on construction of a third section of the Belgrade-Budapest high-speed rail line, with the official signing of the contract expected to take place within the next few weeks, Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic said. It is the third section of the line from Novi Sad to Subotica and the investment is worth 934 mln euros.
Source: Tanjug
AERO: GA scheduled for 28th April – RSD 57.3 per share proposed as a cash dividend
Belgrade Airport (AERO) scheduled its GA for 28th June, this year, while most important issue from related agenda is a proposal on cash dividend payment. The company proposed RSD 57.3 per share, as a gross amount be paid out to shareholders, from 2017 profit. Record date is on 31st December 2017. The amount bears 3.8% gross yield.
Source: Belex, Ilirika
REGION:
Hisense Luxembourg Home Appliance Holding announced that it had increased its stake in Gorenje to 27.75% on Friday, May 25, 2018.
In early May, Gorenje picked China’s Hisense for the strategic partner. The Chinese company obliged at the time to pay EUR 12 per Gorenje share. They have two more weeks to make a takeover bid. Gorenje shares stood at EUR 11.75 this Friday at the Ljubljana Stock Exchange.
Source: Ekapija
INO:
U.S. closed due to Memorial day, Italian stocks close down 2% in thin trading session, Genmab falls 20%
European stocks closed Monday lower, as investors monitored signs of thawing tensions between the U.S. and North Korea and reacted to renewed political turmoil in Italy. Italian stocks closed 2.07 percent after initially opening the session higher. This after news of a dramatic setback for the country's populist parties. Meanwhile, Germany's DAX and France's CAC were trading slightly lower at the close. Market holidays in the U.K. and U.S. made trading slow and illiquid on Monday.
Looking at individual stocks, shares of Genmab tumbled to the bottom of the European benchmark after the Danish biotech company announced it would stop some of its lung cancer trials. Shares of the company slumped 20 percent on the news.
Source: CNBC