Slovakia has suspended plans to sell the state’s stake in Slovak Telekom following the collapse of the centre-right coalition government, Telegeography reports quoting local newswire TASR.
In September, the National Property Fund (FNM) was reported to…
Slovakia has suspended plans to sell the state’s stake in Slovak Telekom following the collapse of the centre-right coalition government, Telegeography reports quoting local newswire TASR.
In September, the National Property Fund (FNM) was reported to be planning a tender to select an adviser for the listing of the state’s 49% stake in the telecoms incumbent.
In July, Deutsche Telekom, which holds 51% of Slovak Telekom, had been reported to be in talks to buy the stake but in the autumn the privatisation agency was reportedly preparing documents for the IPO.
However, in October, a no-confidence voted related to the expansion of the European Financial Stability Facility (EFSF) went against the ruling coalition party, which was subsequently forced to agree on holding elections in March 2012.
The ministry of economy holds 34% of the telecoms incumbent, while the National Property Fund owns 15%.
The authorities did not reply to request for comments before press time.
