The European Bank for Reconstruction and Development, which invests in developing nations from Mongolia to Morocco, may take part in Serbian asset sales to help the economy as the country aims to join the European Union.
Telekom Srbija AD, Serbia’s state- controlled phone company, said it agreed to pay 380 million euros ($495.74 million) to buy back a 20 percent stake from Greece’s Hellenic Telecommunications Organization SA.
Telekom Srbija and Hellenic Telecommunications Organization SA, or OTE, signed an agreement today in Athens for the Greek company to sell a 20 percent stake in the Serb national fixed-line and mobile-service provider back to Telekom Srbija.
The Serbian government approved plans to sell a 51 percent stake in the national telephone company Telekom Srbija AD in a tender by the first quarter of next year, the prime minister’s office said today.
The Serbian government ’s sale of a majority stake in Telekom Srbija AD , the state telephone company, attracted four potential bidders who bought the documents before the tender closes, the Finance Ministry said.