State’s T-HT stake down to 3.6%

9 Oct 2008

T-Hrvatski Telekom (T-HT) has announced that on 6 October the Croatian government transferred ‘bonus shares’ in the former monopoly telco to domestic individual investors as promised at the time of the company’s IPO in October 2007. Upon transfer of the shares, the Republic of Croatia reduced its shareholding from 5.2% to 3.6%, while private and institutional investors increased their combined total share from 36.8% to 38.4%. Deutsche Telekom controls T-HT with a 51% stake. Following the IPO, T-HT shares are listed on the Zagreb Stock Exchange, while global depositary receipts are traded on the London Stock Exchange.

Croatia, Hrvatski Telekom (HT)