Pecik teams up with Baturina to boost Telekom Austria stake further, report hints

1 Jun 2012

Reuters cites Austrian magazine Format in a report disclosing that Vienna-based investor Ronny Pecik has formed a partnership with Russian billionaire property developer Yelena Baturina, potentially to boost his interest in Telekom Austria beyond the 20%-plus stake he has amassed recently via holdings financed with Egyptian tycoon Naguib Sawiris and others. Unnamed sources were quoted as saying: ‘With a high double-digit million [euro] sum, the 49-year-old [Baturina] has made it possible for Pecik to boost his Telekom stake to a blocking minority.’ Last month Pecik won a seat on Telekom Austria’s supervisory board; he also claimed to have no intention of increasing his stake ‘for the time being’.

Austria, A1 Telekom Austria, A1 Telekom Austria Group