UK-based Cinven has reportedly 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 consists of an upfront cash payment of €110 per…
UK-based Cinven has reportedly 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 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, Reuters reported.
Cinven, the sole bidder for the Slovenian government’s 72.75% stake in the incumbent, had initially offered €110 per share, which many local policy makers have said is too low.
The government, advised by Citigroup, is currently reviewing the offer.
