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General

German government backs away from Telekom stake sale

Monday 10 September 2018 | 12:05 CET | News
The German government holds a 32-percent in Telekom, making it the largest shareholder in the company. While plans to sell of the government's remaining stake were discussed concretely in coalition negotiations that broke down between Chancellor Merkel's Christian Democrats (CDU), the Greens and FDP last year, the current government wants to hold onto its Telekom shares as a result of its digitisation strategy and concerns over company takeovers from China, wrote FAS.

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Categories: General
Companies: Deutsche Telekom
Countries: Germany
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