Blic newspaper said the European Bank for Reconstruction and Development had asked for 20% of Electric Power Industry of Serbia (EPS) to be sold by end-2016 in exchange for its financial restructuring loan of EUR 200 million. The paper’s portal said the EBRD insists on letting a strategic partner get a share in the company. EPS said the loan deal was still in negotiation.
The European Bank for Reconstruction and Development plans to grant a EUR 200 million loan in autumn to the Electric Power Industry of Serbia (EPS) for financial restructuring, the bank’s country director for Serbia Matteo Patrone told Tanjug agency in April. The goal is to finally sign a loan contract for EPS restructuring before the year’s end, Serbian Wise Broker quoted him saying.