Slovakia’s National Property Fund (FNM) plans to launch a tender to select an adviser for the listing of the state’s 49% stake in Slovak Telekom, Telecompaper reports quoting local media.
The privatisation agency is reportedly preparing documents…
Slovakia’s National Property Fund (FNM) plans to launch a tender to select an adviser for the listing of the state’s 49% stake in Slovak Telekom, Telecompaper reports quoting local media.
The privatisation agency is reportedly preparing documents for the IPO and does not plan to sell its stake to majority-shareholder Deutsche Telekom. In July, Deutsche Telekom was reported to be in talks to buy the state’s stake.
In April, a spokesman at the ministry of finance confirmed the authorities’ intention to sell the country’s entire 49 per cent stake before the autumn of 2012 – through either an international tender or an IPO.
According to the reports, Deutsche Telekom has for the third time refused to pay dividends amounting to E258m.
The ministry of economy holds 34% of the telecoms incumbent, while the National Property Fund owns 15%.
