Croatia to sell up to 23% of T-HT

18 Jun 2007

Croatia’s government announced on Friday that it will sell 20%-23% of shares in national incumbent telco T-Hrvatski Telekom (T-HT), majority owned by Deutsche Telekom, and set a tentative date of September for the stock market sale. Deputy Prime Minister Damir Polancec said that the shares will be sold on the Zagreb and London stock markets, with a starting price of HRK100 (USD18.2). The Croatian public will have first chance to buy T-HT shares, in amounts of up to HRK38,000 (USD6,928) per person, and Polancec said there has been ‘huge interest’. The telco was originally privatised in 2001, when Deutsche Telekom bought a controlling 51% stake, with the government retaining the remainder.

Croatia, Hrvatski Telekom (HT)