Croatian govt looks to sell 70% stake in national carrier, reports suggest

The Croatian govt is planning to sell 70% of its stake in Croatia Airlines by June 2020, according to media reports. The minister for Sea, Transport and Infrastructure, Oleg Butković recently stated that the govt’s recent decision to inject E33.7m into the airline would help it find a strategic investor which would agree to a partnership “based on 30% state ownership, and 70% private investment”. “Consultants are currently looking into potential strategic partners and will decide on the best possible recapitalisation model by year’s end,” Butković commented. “Then we will launch a public tender. Based on the govt’s decision, we will select a strategic partner by the end of June 2020. The focus is currently on finding an investor from the aviation sector, but we are not insisting on it." <br/>