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PRIVATISATION OF CRO TELECOMMUNICATIONS TO BE PRESENTED EARLY MAY

ZAGREB, Apr 22 (Hina) - The head advisor in the privatisation of Croatian Telecommunications (HT) on Thursday told reporters in Zagreb the possibilities for the company's privatisation would be presented to potential strategic investors between May 3 and 5. In the four weeks since the advisors of investing bank Dresdner Kleinworth Benson have been preparing HT's privatisation, several world companies interested in making certain investments in the company have submitted their offers, head advisor Michael Phair said. He pointed out the privatisation coincided with difficulties in the region, and a time when the market had developed, which forced companies earlier interested in investing in HT to focus on strong competition on their own markets. Phair also said the number of interested companies had decreased due to mergers among some major world telecom
ZAGREB, Apr 22 (Hina) - The head advisor in the privatisation of Croatian Telecommunications (HT) on Thursday told reporters in Zagreb the possibilities for the company's privatisation would be presented to potential strategic investors between May 3 and 5. In the four weeks since the advisors of investing bank Dresdner Kleinworth Benson have been preparing HT's privatisation, several world companies interested in making certain investments in the company have submitted their offers, head advisor Michael Phair said. He pointed out the privatisation coincided with difficulties in the region, and a time when the market had developed, which forced companies earlier interested in investing in HT to focus on strong competition on their own markets. Phair also said the number of interested companies had decreased due to mergers among some major world telecommunications companies in the meantime. According to Ivan Mijatovic, head of the HT Privatisation Commission, the aim of HT's privatisation is to find a strategic partner while maintaining strategic national interests. Head of HT's management Ivica Mudrinic said the company's privatisation had been prepared transparently, with care taken for the interests of employees. The first stage of the privatisation among else envisages selling 25 percent of shares, worth between US$600 million and US$1 billion, to a strategic partner. (hina) ha

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