Air Serbia

The remaining shares of Air Serbia cost 17,4 million euros

September 13, 2024, 17:51 am B. B.

The purchase of the remaining shares of Air Serbia was confirmed by the State Audit Institution

Serbia paid Etihad Airways 2,04 billion dinars, which is about 17,4 million euros, for the purchase of 16,42 percent of the airline's shares, making the state the sole owner of Air Serbia.

Country Serbia paid Etihad Airways 2,04 billion dinars or about 17,4 million euros for the purchase of 16,42 percent of the national airline's shares, making it the sole owner Air Serbia.

The news is old, but only now is the exact amount known.

"The disbursement of funds in the amount of 2.038.956.000 dinars was made to the account of the Central Registry, Depot and Securities Clearing on the basis of the Agreement on the Transfer of Air Serbia Shares and the Government's Conclusion by which the Government gave consent to the purchase of 3.354.050 ordinary shares of Air Serbia ad" , stated the State Audit Institution (DRI) controlling the final accounts of the Ministry of Finance for the year 2023.

State auditors stated that the state owns shares in domestic public and private non-financial companies and institutions worth 88,14 billion dinars.

Of that, 27,79 billion dinars refer to domestic public non-financial companies, 12,57 billion dinars to domestic private non-financial companies, and 11,7 billion dinars to domestic financial institutions.

The state has shares worth RSD 36 billion in banks.

The auditors state that last year the state increased capital in domestic public non-financial companies and institutions, including Air Serbia, by 2,04 billion dinars, which is entirely related to the purchase of shares in the national airline, for which, along with the price shares, paid and customary commission to the Central Securities Register.

"Capital participation in domestic public non-financial companies and institutions in the amount of 2.039.748.000 dinars was made on the basis of the Agreement on the Transfer of Shares and the Government's Conclusion by which the Government gave its consent to the purchase of 3.354.050 ordinary shares of Air Serbia, which amounts to 2.038.956.000 dinars, while the amount of 792.000 dinars is the fee of the Central Registry of Securities for these services", he states DRI.

The price of 2,04 billion dinars paid last year for 3,3 million shares of Air Serbia is lower than the recapitalization carried out in 2022.

Source: H1

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