Serbia Halts Talks With Delhaize Until Probe Into C Market Ends
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Serbia halted talks with Delhaize Group SA of Belgium on the sale of the state’s 16 percent stake in local retailer C Market until investigators complete a probe into the Serbian company’s privatization.
The authorities are investigating C Market’s original sale in 2005 on the Belgrade Stock Exchange and talks with Delhaize, the sole bidder for the state holding can be frozen for as many as 180 days, the Serbian Privatization Agency said in an e-mailed statement today.