The contract that gave Energoprojekt a contract to build a flight control tower at Belgrade’s airport, worth nearly 17.5m euros, was announced in the latest issue of the Official Gazette.
A consortium consisting of Energoprojekt high-rise building, Energoprojekt equipment and EMPEX will work on the construction of annexes to the Belgrade Flight Control Center building and the new Airport Flight Control tower.
The exact value of the deal is 17,443,869 euros excluding VAT, as stated in the contract notice published in the Official Gazette. The contracting authority is the Flight Control of Serbia and Montenegro (SMATSA), and the work is funded by a loan from the European Investment Bank.
Energoprojekt high-rise building and Energoprojekt equipment are part of Energoprojekt Holding, a joint stock company whose majority owner in 2017 became businessman Dobroslav Bojovic.
The Danube Voluntary Pension Fund Management Company, a subsidiary of Dunav Osiguranje, owned by the state of Serbia, sold 3.43 percent of shares of Energoprojekt Holding to a then unknown buyer in January 2017.
It is not known who and why made the decision to sell the state-owned company, and then Prime Minister Aleksandar Vucic claimed that “some state-owned companies” sold their shares without informing the government.
Following that, he also sold East Capital (Lux) – Balkan fund, also to a buyer who was not known, in February.
The Energoprojekt management at the time accused Bojovic of standing behind these transactions with related parties, and that these persons did not act in accordance with the law.
The Securities and Exchange Commission found that Bojovic and his companies GP Napred and Napred Development worked together with Jopag and Montinvest Properties, affiliated with Vitomir Peric, in the takeover of Energoprojekt.
The Commission decision of 16 June 2017 states that these persons were legally obliged to announce an offer to take over the shares of Energoprojekt Holding, since on 31 January that year, through joint action, they acquired over 25% of the company.
However, thereafter, the state did not react, and Bojovic continued to buy shares of the company, which, together with related companies, operates large-scale infrastructure projects such as the construction of Belgrade Waterfront and Corridor 11.
Currently Bojovic’s Forward Development a.d. owns 41.4 percent of Energoprojekt Holding’s shares, while Montinvest and Jopag have a nearly identical 5.1 percent share, Nova Ekonomija reports.
