Belgrade-based Nikomms reaches ownership stake at Tigar of 14%

Belgrade-based trading company, Nikomms has informed the investment public through Belgrade stock market that the ownership stake at the company, with liable entities in Tigar, reached 14,1%.

In the current year, the company became the biggest individual shareholder at Tigar after the government which through Shareholder and Pension and Disabled Insurance Fund controls 33,7% of shares at the company. Current market capitalization of Tigar totals only RSD 151,2 m (EUR 1,3 m) which is a direct consequence of unenviable financial position of the company for which Prepack plan was introduced. At the end of last year, Tigar had net debt of approximately EUR 44 m.