Analyst Research

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Provider: Reuters Investment Profile
Provider: Alta Invest
Provider: Alta Invest
Provider: Alta Invest

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Sava dd Plans Strategy for FY 2013 and 2014 Including Sale of Part of Its Business

Friday, 14 Dec 2012 03:00am EST 

Sava dd announced that following the 4. Supervisory Board meeting of the Company held on December 13, 2012, it adopted a new strategy for the 2013 and 2014 fiscal year. As a result, the Company plans to agree on restructuring the financial sources to provide the platform for further implementation of the strategy. Sava dd plans final arrangement with the lending banks, which will enable consolidation of its investment portfolio and business optimization of Tourism sector. The volume of financial expenses at the level of subsidised companies is planned with due regard to the existing contractual interest rates, while Sava dd plans to reduce the bank interest rates to the level, which will facilitate its further implementation of the strategy. The Company is to sell Rubber Manufacturing and part of Real Estate and Energy Management, while the largest operations in the Group will be represented by Sava dd, engaged in investments in the banking sector and the merged and consolidated tourism. In the 2013 fiscal year, Sava dd will continue to carry out the activities for selling the remaining investments in the real estate sector and energy management business. In the 2013 fiscal year, sales revenues of the subsidiaries of the Sava Group will be higher than in the 2012 fiscal year. Its prevailing part refers to the generated sale of Tourism, where a further growth is anticipated. 

Company Quote

0.01 +1.47%
11 Jun 2014