Slovenia is reportedly considering privatising Telekom Slovenije as part of urgent measures to boost finances and prevent an international bailout.
The coalition government is currently working on an economic reform programme, which it is expected to…
Slovenia is reportedly considering privatising Telekom Slovenije as part of urgent measures to boost finances and prevent an international bailout.
The coalition government is currently working on an economic reform programme, which it is expected to complete this week before presenting it to the European Commission.
The sales of Telekom Slovenije, which has a market value of about €600m, and the nation’s second-largest bank Nova Kreditna Banka Maribor, are both being looked at, Reuters reported, citing unidentified sources.
The prime minister’s office declined to comment.
Prime minister Alenka Bratusek announced on 12 April that the government plans to sell shares in corporate assets, saying it will begin with the privatisation of “one or two” of the larger companies immediately.
Local media have speculated that the incumbent telco, in which the government has a direct 62.54% stake, would be among the first assets to be considered for privatisation.
On Monday, the Bank of Slovenia called upon the government to fast-track privatisations in sectors in which it is “more effective” for an enterprise to be non state-owned.
Slovenia cancelled the privatisation process of a 49.13% in Telekom Slovenije in late 2010, rejecting bids from the last two candidates – Iceland’s Skipti and a consortium of Bain Capital, Axos Capital and BT – as too low.
