SBB

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SBB

Sweden’s SBB property firm mulls sale as sector struggles

Sweden's troubled real estate group SBB said Monday it may sell assets or the entire company as the country's property sector struggles in the face of rising interest rates.

SBB reported a loss of 2.9 billion kronor ($360 million) in the first quarter as housing prices fell in Sweden after the central bank raised borrowing costs to battle high inflation.

Bosniak Parties Hatch Coalition Agreement in Bosnia

Fahrudin Radoncic  Photo: EPA/FEHIM DEMIR

"We did not talk about any names, as that decision will be discussed in the following weeks," Adisa Omerbegovic Arapovic, the vice president of SBB, said in Sarajevo on Thursday, answering questions about whether Radoncic was promised the Bosnian Ministry of Security.

KKR sells stake in United Group, SBB owner

The buyer is British company BC Partners, the Wall Street Journal reported on September 27, according to Beta agency.

United Group, created in 2007 in a merger of SBB, Telemach Slovenija and Telemach Bosna, is the owner of cable provider SBB in Serbia, Telemach in Slovenia, Bosnia-Herzegovina and Montenegro, and TV channels Sport Klub, N1, Cinemania, TOP, Ultra, Grand and others.

Train derails in Switzerland (photos)

An Italian train derailed in the central Swiss city of Lucerne on Wednesday and one carriage tipped over, authorities said. At least three people were injured.
The train from Milan, Italy, to Basel derailed shortly before 2 p.m. as it was pulling out of Lucerne’s main train station, Swiss railway company SBB said.

EBRD: Serbia "on good reforms path"

EBRD: Serbia "on good reforms path"

BELGRADE -- Serbia is on "a good path in reform implementation and has laid good foundations for long-term development."

This is what experts of the European Bank for Reconstruction and Development (EBRD) - which predicts a minimal 0.5 percent economic growth for Serbia in 2015 - said on Wednesday.

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