Cinven hikes offer for Telekom Slovenia to 130 eur/shr - source

Telekom Slovenije, D.d

20/05/2015 15:32

FRANKFURT, May 20 (Reuters) - Buyout group Cinven  CINV.UL , 
the only bidder for telecom operator Telekom Slovenia  TLSG.LJ , 
has hiked its offer to 130 euros a share to win over Slovenian 
authorities facing criticism they could sell on the cheap, a 
person familiar with the transaction said. 
    "Negotiations have ended, a final offer has been submitted," 
the source said on Wednesday. 
    The offer consists of an upfront cash payment of 110 euros a 
share, an additional payment of 15 euros a share depending on 
the outcome of ongoing litigations at Telekom Slovenia and an 
additional 5 euros a share depending on the company's 
performance, the person added.   
    So far, Cinven had offered only about 110 euros per Telekom 
share, sparking doubts over whether the sale would be completed, 
as many Slovenian policy makers rejected a sale at this price. 
 ID:nL5N0XI2H9  
 
 (Reporting by Arno Schuetze; Editing by Maria Sheahan) 
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters 
Messaging: arno.schuetze.reuters.com@reuters.net)) 
 
Keywords: TELEKOM M&A/CINVEN