Slovenia's state investment firm to decide on Telekom sale this week

Telekom Slovenije, D.d

08/06/2015 13:44

LJUBLJANA, June 8 (Reuters) - Slovenia's state investment 
fund will decide on Wednesday whether to sell the country's 
largest telecoms network operator Telekom Slovenia  TLSG.LJ  to 
private equity investment firm Cinven  CINV.UL . 
    Cinven has offered up to 130 euros ($145.35) per share for 
state-owned Telekom, valuing the company at 850 million euros. 
 ID:nL5N0YP1NZ  
    Slovenia's Prime Minister Miro Cerar said on Sunday SDH 
should decide on the sale, adding that he expected the 
investment firm, which is coordinating the country's 
privatisation programme, would approve the sale.  ID:nL5N0YT0PZ  
    Telekom is the largest of 15 firms that were earmarked for 
privatisation in 2013, with only four of those firms being sold 
so far. 
    Shares of Telekom rose 2.53 percent to 101.5 euros, while 
the blue-chip SBI index  .SBITOP  lost 0.29 percent. 
 
 
($1 = 0.8944 euros) 
 
 (Reporting by Marja Novak, editing by Louise Heavens) 
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805; Reuters 
Messaging: marja.novak.thomsonreuters.com@reuters.net)) 
 
Keywords: SLOVENIA TELEKOM/