Srbijagas Completes 35 Million-Euro Sale Of Glass-Making Plant

Srbijagas, Serbia’s state-owned gas company, completed the sale of Srpska Fabrika Stakla AD, the country’s only maker of glass packaging, to Glass Industry of Bulgaria.

The Bulgarian group agreed in March to buy 64 percent of the glass plant for 35 million euros ($43 million) and invest at least 22 million euros to upgrade the plant in Paracin, 155 kilometers (96 miles) south of Belgrade, tripling its annual output to 120,000 tons.

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