Financial advisor in Telekom sale chosen
The government decided on Friday to name the consortium led by Citigroup Global Markets as the financial advisor for the sale of Telekom Srbija’s shares.
Saturday, 03.07.2010.
16:00
The government decided on Friday to name the consortium led by Citigroup Global Markets as the financial advisor for the sale of Telekom Srbija’s shares. The government entered into negotiations with the consortium in late May, and later in June requested of Citigroup to correct irregularities it had in its initial bid for the job. Financial advisor in Telekom sale chosen Back in May, the government suspended the tender for the selection of an advisor in the sale of a portion of the state-owned shares in Telekom Srbija, because the bid made by the consortium was faulty. The tender for selecting the advisor was announced on April 12. The government owns 80 percent of shares in Telekom Srbija. The remaining 20 percent of shares is owned by the Greek OTE company, 30 percent of which belong to Deutsche Telekom. The government made the decision to sell 40 percent of state capital in the company on March 26.
Financial advisor in Telekom sale chosen
Back in May, the government suspended the tender for the selection of an advisor in the sale of a portion of the state-owned shares in Telekom Srbija, because the bid made by the consortium was faulty.The tender for selecting the advisor was announced on April 12.
The government owns 80 percent of shares in Telekom Srbija. The remaining 20 percent of shares is owned by the Greek OTE company, 30 percent of which belong to Deutsche Telekom.
The government made the decision to sell 40 percent of state capital in the company on March 26.
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