Serbia warns about illegal Kosovo privatization

The sale of a 75 percent stake in the "Post and Telecom of Kosovo (PTK)" joint-stock companies has infringed on Serbia's right of ownership.

Izvor: Tanjug

Wednesday, 17.04.2013.

15:02

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BELGRADE The sale of a 75 percent stake in the "Post and Telecom of Kosovo (PTK)" joint-stock companies has infringed on Serbia's right of ownership. The same is true of rights of other shareholders, the Serbian Government Office for Kosovo and Metohija said in a release on Wednesday. Serbia warns about illegal Kosovo privatization The statement explained that the property of the privatized companies is entirely made up of facilities that are owned by joint-stock companies PTT Srbija (Serbian Postal Office) and the state-owned telecommunications company Telekom Srbija. The decision to sell it was made by the illegally established bodies of the self-proclaimed “state of Kosovo", the Office said. The decision to sell, the release continued, was made by a “non-owner without the consent , authorization, and participation of the beneficial owners in the sale.” "This has misled the customers about the actual ownership structure in the Telekom Kosovo and PTT Kosovo (PTK) and ownership of facilities used by the companies," the release said. The Office "warned the illegal authorities not to sell property belonging to others, because there will be serious legal consequences for the persons responsible." At the same time, it announced that it will inform the international public and all concerned actors in the international community about this illegal usurpation of state and privately owned property. On Tuesday, the government in Pristina approved the sale of a 75 percent stake in the Post and Telecom of Kosovo (PTK) - illegally established by transforming Telekom Kosovo and PTT Kosovo into the joint stock company - to a U.S.-German consortium for EUR 277 million. The decision to sell the PTK to the consortium made up of the ACP Axos Capital and the U.S. investment company Najafi Companies, in partnership with the British Telecom, was immediately hailed by the embassies of the United States, Germany and the United Kingdom in Pristina as an important step in strengthening the economic development of Kosovo. Tanjug

Serbia warns about illegal Kosovo privatization

The statement explained that the property of the privatized companies is entirely made up of facilities that are owned by joint-stock companies PTT Srbija (Serbian Postal Office) and the state-owned telecommunications company Telekom Srbija.

The decision to sell it was made by the illegally established bodies of the self-proclaimed “state of Kosovo", the Office said.

The decision to sell, the release continued, was made by a “non-owner without the consent , authorization, and participation of the beneficial owners in the sale.”

"This has misled the customers about the actual ownership structure in the Telekom Kosovo and PTT Kosovo (PTK) and ownership of facilities used by the companies," the release said.

The Office "warned the illegal authorities not to sell property belonging to others, because there will be serious legal consequences for the persons responsible."

At the same time, it announced that it will inform the international public and all concerned actors in the international community about this illegal usurpation of state and privately owned property.

On Tuesday, the government in Priština approved the sale of a 75 percent stake in the Post and Telecom of Kosovo (PTK) - illegally established by transforming Telekom Kosovo and PTT Kosovo into the joint stock company - to a U.S.-German consortium for EUR 277 million.

The decision to sell the PTK to the consortium made up of the ACP Axos Capital and the U.S. investment company Najafi Companies, in partnership with the British Telecom, was immediately hailed by the embassies of the United States, Germany and the United Kingdom in Priština as an important step in strengthening the economic development of Kosovo.

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