Consulting company named for Lasta appraisal

The supervisory board of the Serbian transport company Lasta has selected the Belgrade-based consulting firm BDO Business Advisory for the process of appraising the property and equity of the company.

11 Februar 2019 17:49

BELGRADE - The supervisory board of the Serbian transport company Lasta has selected the Belgrade-based consulting firm BDO Business Advisory for the process of appraising the property and equity of the company.


A source at Lasta told Tanjug the appraisal was expected to be complete by the end of March, after which the Serbian government plans to announce a sale of a 77 pct stake in Serbia's oldest transport company.


The Republic of Serbia, a shareholders' fund, the City of Belgrade, several local self-government authorities, the state pension insurance fund and the state health insurance fund all have stakes in Lasta, with 23 pct of the shares in the hands of small shareholders.


The future buyer will need to bind himself to invest in the vehicle fleet and to retain the current workforce of around 2,000.


The sale was originally planned for last year, but company executives sought a conversion of an approx. 700 mln tax debt to equity, which was completed last November.

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