Serbian Fin Min Says EPS Draws German Interest

Serbian state-owned power utility EPS has drawn interest from German companies, Belgrade-based media reported on Friday, quoting Serbian finance minister Dusan Vujovic.

"A few days ago we held talks with German businessmen who are interested in investing in EPS and using electricity exports to recoup their investments," news portal Tanjugbiz.rs reported, quoting Vujovic.

EPS operates at breakeven level but could be more efficient, the official said, adding the company could have three instead of 14 organizational units and 100 instead of 600 directors.

EPS recorded a profit of 19.2 billion dinars ($202.9 million/160.5 million euro) in 2013 and plans total revenues this year of 240 billion dinars, on par with costs.

Source: SeeNews