Cinven raises bid for Telekom Slovenije to EUR 130 - report

Thursday 21 May 2015 | 11:13 CET | News
The only bidder for Telekom Slovenije, private equity fund Cinven, has upped its bid to EUR 130 per share, a personal familiar with the transaction told Reuters. The source added that the negotiations have ended and that a final bid has been submitted. The offer consists of an upfront cash payment of EUR 110 per share, an additional payment of EUR 15 per share depending on the outcome of ongoing litigation at Telekom Slovenije plus EUR 5 per share depending on the company's performance. If the full payment is made, this would value Telekom at around EUR 850 million. Previously, Cinven had

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Categories: General
Companies: Telekom Slovenije
Countries: Slovenia
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