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Premier and finmin announce privatisation of 20% of HT shares in 2007

ZAGREB, Dec 29 (Hina) - The Croatian Government is intending to sell most probably 20 percent of the stock in the Croatian Telekom (HT) at public offering in 2007, Prime Minister Ivo Sanader announced on Friday.
ZAGREB, Dec 29 (Hina) - The Croatian Government is intending to sell most probably 20 percent of the stock in the Croatian Telekom (HT) at public offering in 2007, Prime Minister Ivo Sanader announced on Friday.

Thanks to positive experiences from this year's public offering of shares from INA (oil company) when a large number of citizens was engaged in the privatisation, we expect the same with the HT, Sanader told reporters while visiting the Finance Ministry.

Finance Minister Ivan Suker explained that there were plans to list twenty percent of HT shares on the stock exchange market so as to enable the payment of the third and fourth installment of the debt to pensioners next year.

The government is going to make decisions on other cases of privatisation later, he explained adding that the government projected the budgetary deficit in 2007 at 2.8 percent of the Gross Domestic Product.

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