TAS completes buyout of Serbian subsidiary. The advisors
Italian banking software developer TAS completed the acquisition of the 30% stake it did not own in its Serbian subsidiary TAS Eastern Europe, the Italian company said. The stake was acquired for 1.54 million euro ($1.88 million) from Serbian citizen Slobodan Paunovic, who will get a 2.87% stake in the share capital of TAS International, the Italian company said in a statement on Wednesday. TAS executed the transaction through its wholly-owned subsidiary under Swiss law, TAS International SA, it noted.