The Serbian Prime Minister has begun a fresh attempt to privatise Telekom Srbija, but said the government would require a substantially better offer than what it received during its last sale attempt in 2011.
Aleksander Vucic was quoted by local press…
The Serbian Prime Minister has begun a fresh attempt to privatise Telekom Srbija, but said the government would require a substantially better offer than what it received during its last sale attempt in 2011.
Aleksander Vucic was quoted by local press as saying he expected a much better price than Telekom Austria’s €1.1bn (US$1.59bn) bid for a 51% stake in 2011, since the country’s investment climate has now improved.
Earlier this year, the government mandated Lazard to run the privatisation process.
Citigroup advised on its last privatisation, in which the government had set a €1.4bn price tag.
The state owns 58.11% of Telekom Srbija, with a further 20% held by the company as treasury stock, and the remainder by Serbian citizens and the telco’s current and former employees.
