German DEG May Invest EU800 Million in SE Europe, Tanjug Says

Deutsche Investitions und Entwicklungsgesellschaft mbH, a member of KfW Bankengruppe, may invest 800 million euros ($1.06 billion) in agriculture and the food industry in Serbia and other countries in southeastern Europe, Tanjug newswire reported, citing a company director.

Such investment would equal 15 percent of DEG’s current portfolio and follow its 300 million euros in existing investments in the region, the report quoted Franz-Josef Flosbach, the director for Europe, Middle East and Central Asia.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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