Posted by on 27 Sep 2011. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

State To Sell Slovak Telekom Stake

The Executive Committee of the National Property Fund (FNM) has announced the immediate sale of the state’s 15% stake in Slovak Telekom, meaning it will most certainly be snapped up majority shareholder Deutsche Telekom.

The committee concluded that the shares should be sold off as soon as possible, chiefly because of frustration over how the state’s partner Deutsche Telekom has consistently refused to pay out full dividends. A tactical move that seems to have worked in the end. The government already had a plan in place to sell the stake by the autumn of 2012.

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