SeeNews | 9 April 2014

Al Dahra Intl Investment gets nod to acquire 51% of Serbia's Rudnap Agrar

BELGRADE (Serbia), April 9 (SeeNews) - Serbia's anti-trust regulator said it has cleared plans by United Arab Emirates-based Al Dahra International Investment LLC to take over from Serbia's Rudnap Group a 51% stake in Belgrade-based agriculture company Rudnap Agrar.

The Commission for the Protection of Competition adopted the regulatory decision under a summary procedure at a sitting on March 25, data from its website indicated.

Al Dahra International Investment LLC and Rudnap Group signed the agreement on the transfer of the Rudnap Agrar stake on March 2. It has been agreed that prior to the execution of the transaction, Rudnap Group would become a 100% shareholder in Rudnap Agrar.

Rudnap Group, wholly-owned by Cyprus-registered Altaria Research Limited, spans energy, industrial manufacturing, real estate and agriculture.