Slovenia says cancels Telekom sale after sole bidder pulls out

Telekom Slovenije, D.d

04/08/2015 15:27

ZAGREB, Aug 4 (Reuters) - Slovenia has cancelled the sale of 
Telekom Slovenija  TLKM < after the only bidder, British private 
equity fund Cinven  CINV.UL , withdrew its offer, state fund SDH 
said on Tuesday. 
    "SDH has recived notification from Cinven that they no 
longer want to pursue negotiations to conclude the sale," SDH 
said on its website. It said Cinven had told them the purchase 
was "no longer economically justified". 
    "Because of that we are officially concluding the sale of 
72.75 percent of Telekom. SDH will look at the options for 
further steps regarding Telekom," it said. 
 
 (Reporting by Zoran Radosavljevic, editing by Louise Heavens) 
 ((Zoran.Radosavljevic@thomsonreuters.com; +385 1 4899 971; 
Reuters Messaging: 
zoran.radosavljevic.thomsonreuters.com@reuters.net)) 
 
Keywords: SLOVENIA TELEKOM/