Slovenia Sovereign Holding has has yet to make a decision on whether to go ahead with the privatisation of Telekom Slovenije.
Speaking to TelecomFinance, a spokesperson for the government unit said: “The sales process of Telekom Slovenia has not yet…
Slovenia Sovereign Holding has has yet to make a decision on whether to go ahead with the privatisation of Telekom Slovenije.
Speaking to TelecomFinance, a spokesperson for the government unit said: “The sales process of Telekom Slovenia has not yet been closed yet and the decision to sell or not to sell has not been adopted yet.”
This follows local reports that the unit is expected to accept private equity firm Cinven’s offer for a 72.75% stake in the telco.
Last month, sole bidder Cinven increased its offer for Telekom Slovenije from €110 to €130 per share in a bid to persuade local authorities to accept it.
The private equity firm’s final offer reportedly consists of an upfront cash payment of €110 per share, an additional payment of €15 per share depending on the outcome of lawsuits facing the operator, and a further €5 per share depending on the company’s performance.
The government is advised by Citigroup.
