State to keep controlling stake in Telekom Srbija and RTB Bor

The state does not want to lose control over strategically important companies. Although most of these companies are going to be privatized, Serbia is still determined to keep a controlling stake in them. According to Economy Minister Sasa Radulovic, the state is not going to sell its entire stake in RTB Bor and Telekom Srbija.

Putting a majority stake in Telekom Srbija up for sale does not mean that the state won't be able to keep a controlling stake in the national telecom firm.

- A majority stake is 50 percent of the outstanding stock plus one share - Nenad Gujanicic, director of the Department for Business Development at Wise Broker, explains.

- A controlling stake, on the other hand, means that the state can manage the company even when holding a smaller stake - he adds.