Greek privatisation agency offers 5% stake in OTE to Deutsche Telekom

News General Greece 19 MRT 2018
Greek privatisation agency offers 5% stake in OTE to Deutsche Telekom

Greece’s privatisation agency HRADF did not receive any bids for the sale of a 5 minority percent stake in OTE and invited Deutsche Telekom to exercise its right of first refusal to buy the shares. HRADF started an international tender in February to sell a 5.0 percent stake in OTE, corresponding to 24.5 million shares.

The deadline for investors to submit offers was 15 March. Deutsche Telekom holds 40 percent of OTE's share capital, the Greek state holds 5 percent, and the HRADF owns 5 percent, while smaller percentages are held by foreign and local institutional and private investors.

Categories:

General

Companies:

OTE,  Deutsche Telekom

Countries:

Greece

Tags:

Shareholders & subsidiaries, Government policy

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