Tender for Telekom Srbijia advisor may have to be relaunched

13 May 2010

Citigroup Global Markets, the only bidder in a tender to select an advisor for sale of a 40% stake in Telekom Srbijia, faces a conflict of interest because it has already been working for a potential purchaser, Deutsche Telekom. The tender commission is now expected to decide whether the consortium’s offer must now be rejected. If so, the tender will have to be repeated.

Serbia, Telekom Srbija (MTS)