Deals
Croatia Favors Partner Over Price in Airline Sale, Doncic Says
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Croatia will begin the sale of a minority stake in national flag-carrier Croatia Airlines d.d. in a process that favors bringing in a strategic partner over price, Transport Minister Sinisa Hajdas Doncic said.
Prime Minister Zoran Milanovic’s cabinet agreed today to start seeking a buyer for 49 percent in the money-losing carrier, part of a plan to shore up Croatia’s public finances by selling state companies. It will keep a 50.25 percent stake, it said in materials distributed to reporters, and Hajdas Doncic said he expected the sale to be concluded by mid-2014.