Property Fund recommends sale of 15% stake in Slovak Telekom

29 Dec 2010

Reuters reports that Slovakia’s National Property Fund (FNM) has recommended the sale of certain state-held stakes in companies including incumbent telco Slovak Telekom (ST), to offset deficits and finance wide-reaching structural reforms. The FNM analysis, expected to be debated by the government in the coming weeks, earmarked the privatisation of a 15% share in ST, majority run by Germany’s Deutsche Telekom. ‘The FNM considers a sale of the stake [in ST) as the most rational alternative,’ it wrote in the document, adding, ‘The best method would be a sale on capital market, through an initial public offering (IPO).’ The stake’s nominal value was seen at EUR129.6 million.

Slovakia, Slovak Telekom (ST, incl. T-Mobile, DIGI)