The Swedish government intends to participate in incumbent Teliasonera’s SEK10bn (E1.13bn) share buyback programme, according to reports citing its Finance Ministry.
However, the share buyback’s terms, which are reportedly due to be finalised at the end…
The Swedish government intends to participate in incumbent Teliasonera’s SEK10bn (E1.13bn) share buyback programme, according to reports citing its Finance Ministry.
However, the share buyback’s terms, which are reportedly due to be finalised at the end of this month, would need to be attractive, and the government’s stake holding must remain the same at about 37.3%, the reports add.
Previous reports had suggested the government was keen to sell part of its holding in assets that included TeliaSonera.
TeliaSonera unveiled share buyback plans on 3 February, when it also proposed raising its dividend to SEK2.75 (E0.31) per share from SEK2.25 (E0.25).
