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The state-owned energy holding MVM is increasing its ownership stakes in two subsidiaries of the Serbian Maneks Group from 33.4% to 60% each.
These acquisitions will enable participation in projects related to the reconstruction of power plants, the development of renewable energy capacities, and the expansion of smart meter usage.
The MVM Group sees the Serbian market as a gateway to the Western Balkans. The transaction is expected to be finalized in the third quarter, subject to approval by Serbia’s competition authority.