Sunday, March 4, 2012

Serbia to sell majority stake in JAT Tehnika aviation maintenance company

Serbia's government said Monday it would sell a majority stake in its aviation maintenance firm JAT Tehnika.

An international tender will initially cover 70 percent of the company's stock, the country's privatization agency said in a statement. Buyers will have until Sept. 26 to submit their bids.

JAT Tehnika, which has 1,000 employees and two large maintenance hangars at Belgrade's international airport, is reportedly valued at …

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