Government transferring USD6.4m in T-HT shares to pension fund

10 Nov 2009

Croatia’s government has decided to transfer 115,000 shares of incumbent telco T-Hrvatski Telekom (T-HT) to a pension fund as part of measures to cover the state’s debt to pensioners. The finance ministry said that transferred assets, worth around HRK31 million (USD6.4 million), will be used to cover a small part of the total HRK830 million remaining instalments by the end of this year. TeleGeography’s GlobalComms Database notes that T-HT is owned by Germany’s Deutsche Telekom (51%), private and institutional investors (38.4%), the Croatian War Veterans’ Fund (7%) and the government (3.6%).

Croatia, Hrvatski Telekom (HT)