Q-FREE – DIVESTMENT OF SERBIAN ENTITY
Q-Free has today entered into a definitive agreement to sell its fully owned Serbian subsidiary Q-Free d.o.o. Beograd (formerly ELCOM d.o.o.) to Bosko Lekovic. Bosko Lekovic has been the Managing Director of Elcom over many years and has since November 2017 had the position as Technical Director. The decision to exit Q-Free Beograd is part of Q-Free’s strategy to build leading positions in target segments, and reduce the complexity of its operations and reallocate resources to businesses with higher value creation potential. The negative accounting effect of the transaction was taken