Bloomberg News

Serbia to Offer Telekom Srbija for Sale in September, Blic Says

June 13, 2013

Serbia will invite bids for Telekom Srbija AD, the state-owned phone company, in September, Blic newspaper reported, citing a person it didn’t name.

The government will try to organize the sale of the entire stake, including almost 22 percent held by small shareholders. It expects proceeds of about 2 billion euros ($2.67 billion), according to the report. The Finance and Economy Ministry that would handle the sale had no immediate comment when contacted by Bloomberg by phone.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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