| Project Detail |
Location: Serbia Project number: 53791 Business sector: Telecommunications, Media and Technology Notice type: Private Environmental category: B Approval date: 20 Jul 2022 Status: Disbursing PSD disclosed: 19 Oct 2023 EBRD to provide financing to HTEC doo Beograd (HTEC or the Borrower) in the amount of up to EUR 55 million for: a) The acquisition of 100% stake in Mistral, an IT services and consulting group that operates in Bosnia and Herzegovina with sales offices in US and Netherlands; and b) Additionally, the financing extends to facilitate HTECs pursuit of further acquisitions to foster its growth and expansion. Project Objectives EBRD to provide additional support to HTEC on its growth path through financing of new acquisitions, aimed to further improve HTECs competitiveness and productivity and continued enhancement of its governance structures. |
