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Belgrade privatizations are performing well |
SUDDENLY, AFTER A long hiatus, Belgrade is buzzing with talk of M&A deals. The services and industrial sectors were the first to see consolidation, but now banking is the focus of attention.
The Serbian government has begun privatizing assets it acquired in the banking crisis of 2000, including some of the biggest banks. It has already sold an 88% stake in Jubanka, the seventh-largest bank, to Alpha Bank, one of Greece’s leading banks.
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