SDH management back Telekom Slovenia sale to Cinven -newspaper

Telekom Slovenije, D.d

28/05/2015 08:12

LJUBLJANA, May 28 (Reuters) - The management of state 
investment firm SDH, which is coordinating privatisation in 
Slovenia, supports the sale of Telekom Slovenia  TLSG.LJ  to the 
only bidder, daily newspaper Dnevnik reported on Thursday. 
    It said the final decision on the sale would be taken by 
SDH's supervisory board next week, adding the board might decide 
to ask the government to approve the sale. 
    Private equity investment firm Cinven  CINV.UL  is the only 
bidder for Telekom and has offered up to 130 euros per share, 
according to a Reuters source, which would value the company at 
850 million euros.  ID:nL5N0YB48D  
    SDH gave no immediate comment but said last week that a 
decision on the sale was expected to be taken in the first week 
of June.  
    Telekom, in which the government controls a stake of 72.75 
percent, is the largest of 15 firms that were earmarked for 
privatisation in 2013. Four have been sold. 
 
     
 
 (Reporting by Marja Novak; editing by Jason Neely) 
 ((Marja.Novak@thomsonreuters.com; +386-5058805; Reuters 
Messaging: marja.novak.thomsonreuters.com@reuters.net)) 
 
Keywords: SLOVENIA TELEKOM/