A German-US consortium has offered €277 million for a majority stake in Post and Telecommunications of Kosovo J.S.C., said an official. The bid amount was double the amount offered by a group from Lebanon. After the two bids were made public, the Economic Development Minister Besim Beqaj said that he expected the government would decide on the buyer during its next session, which is not yet decided. The leading bidder for the 75% stake in Post and Telecommunications of Kosovo consists of ACP Axos Capital Gmbh and Najafi Companies. If the deal is approved by the government, it will retain a 25% stake in Post and Telecommunications of Kosovo. Post and Telecommunications of Kosovo also offers internet and cable TV services, but its postal department is not included in the sale. The government said that the proceeds from the sale would be invested in building a highway to Macedonia.

Post and Telecommunications of Kosovo J.S.C. has received two bids for the privatization of its 75% stake by Kosovo. The statement from Kosovo’s economy ministry showed that the bids have been submitted by M1 Limited and a consortium made up by ACP Axos Capital GmbH and Najafi Companies. Besim Beqaj, Economy Minister And Chairman Of The Committee of the sell-off procedure of Kosovo said that the financial offers will be opened publicly and the winner will be selected on the basis of the price offered. Besim added that the submitted offers meet the legal requirements of the privatization tender. Beqaj also said that after reviewing the bids, the committee will suggest further steps to the government which will have the final say.

Douglas Holding AG is seeking to sell Thalia Holding GmbH, Manager Magazin reported, citing financial sources. Douglas has begun discussions with potential buyers and Najafi Companies is among the interested investors. The report said that a tender offer has not yet been submitted to Douglas.