Financial Times FT.com

Privatisation: Transfer of power sees legal tangles proliferate

By Neil MacDonald

Published: June 4 2009 13:57 | Last updated: June 4 2009 13:57

Three years ago, the international officials handling privatisation sales in Kosovo heralded Llamkos as an exemplary success.

The rolling mill for galvanised sheet metal in Vushtrri, 25km north of Pristina, was set for a surge of improvements. The buyer, Bulgaria’s Kremikovtzi, had paid only €4.2m ($6m), but had committed to investing €15m over two years. However, the level of subsequent investment is mired in controversy.

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