Hellenic Sugar Industry S.A. has started the process for the sale of its subsidiaries in Serbia, Sajkaska Fabrika Secera a.d. and Crvenka fabrika Secera a.d. (BELEX:CRFS), in which it holds a 92.6% and a 87.5% stake respectively. Hellenic has decided to sell its subsidiaries in Serbia in order to boost its own liquidity and strengthen its financial position.