The Slovenian government’s sale of a majority stake in incumbent telco Telekom Slovenije to UK-based private equity firm Cinven is thought to have been approved by the state holding company SDH. Local newspaper Finance cites ‘unofficial but reliable’ information which says SDH will accept Cinven’s offer of EUR110 (USD123) per share, with further payments which could take the final per-share price to EUR130, based on performance and the outcome of ongoing lawsuits involving Telekom. It is understood that Cinven now has until 10 July to respond to the notice of approval. Political opponents of the sale have attempted to derail the process, claiming the offer undervalues Telekom. The government is divesting a 72.75% interest in the fixed and mobile operator.