Nexe sells company in Serbia - Jelen Do acquired by the Dutch Carmeuse

Nasice-based Croatian construction material producer, Nexe Group, sold an 87% stake in Serbian Jelen Do company.

According to regional media, the Dutch investor, Carmeuse, acquired the shares.

As reported by the Nexe Group, this transaction is a part of a long-term restructuring plan and core business orientation which started during 2012.

This transaction will considerably decrease financial debts towards insured trustees as as well as its financial debts which would positively influence implementation of the pre-bankruptcy deal and settlement of other trustees, according to the Nexe Group announcement.