The Kosovan governmental commission for the privatisation of Posta dhe Telekommunikacioni I Kosoves (PTK) has announced it has selected French bank Lazard Freres and Austrian-based Raiffeisen Investment as transaction advisers.
The commission said…
The Kosovan governmental commission for the privatisation of Posta dhe Telekommunikacioni I Kosoves (PTK) has announced it has selected French bank Lazard Freres and Austrian-based Raiffeisen Investment as transaction advisers.
The commission said in a statement Lazard and Raiffeisen will act as joint consultants “for the process of selling 75% of PTK Holdings”.
According to local business news website Balkans.com, the Kosovan government hopes to net about €300m (US$400m) from the sale.
Minister of Economic Development, Besim Beqaj, has said PTK’s postal and telecoms operations will most likely be separated prior to the privatisation, with only the latter being made available for tender.
As previously reported, the Kosovan government began privatisation proceedings in 2011 but halted the process after Croatia’s T-Hrvatski Telekom withdrew from the bidding.