IPO stake in T-HT may increase

24 Sep 2007

Croatia’s government is considering upping the portion of its 42% stake in incumbent telco T-HT put up for sale, due to huge interest in a public offer, reports Croatia Today. Prime Minister Ivo Sanader was quoted as saying that ‘if the current interest continues…the government would…consider putting a higher percentage of shares up for the public offer.’ The state last week set a price range of EUR33 to EUR44 per share for the offer of between 20% and 23% in T-HT, which is 51% owned by Deutsche Telekom. The government previously transferred a 7% stake to a war veterans’ fund. The shares are to be listed on the Zagreb and London stock exchanges on 5 October.

Croatia, Hrvatski Telekom (HT)