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General

Greece to sell 10% in OTE to Deutsche Telekom - report

Thursday 2 June 2011 | 11:09 CET | News
Greece will sell 10 percent of its remaining share in OTE by activating an option with Deutsche Telekom, a finance ministry source told AFP. Finance Minister George Papaconstantinou earlier held a meeting on the issue with officials from the German company, which already controls some 30 percent of the Greek operator. The semi-state Athens News Agency reported that DT is obliged to buy a 10 percent stake in OTE at a pre-agreed price under an agreement in 2008. The Greek state currently has a 16 percent stake in OTE. The price will be 15 percent higher than the average share price of the last

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Categories: General
Companies: Deutsche Telekom / OTE
Countries: Greece
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