ERBD sells LT stake

1 Aug 2005

The EBRD has sold its 7.73% stake in Lithuanian fixed line and internet access services provider Lietuvos Telekomas (LT) on the Vilnius and London stock exchanges. The bank sold the 63 million shares, held in the form of global depositary receipts, to institutional investors through CA IB, the investment bank of Bank Austria Creditanstalt. The EBRD originally purchased its stake in LT in June 2000 as part of the incumbent’s IPO, when 25% was sold off by the government.

Lithuania, Telia Lietuva