World VoIP NewsGovernment lines up sale of stakeGovernment lines up sale of stake

Government lines up sale of stake

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According to an unnamed Croatian government source, the state is looking to offload its remaining 3.5% stake in national full-service telecoms group T-Hrvatski Telekom (T-HT) in the short-term, as part of a wider plan to sell minority shares in as many as 400 companies.
The source, quoted by local press, confirmed that privatisation plans referred to in a statement by the Prime Minister included T-HT. It has not yet been revealed how the stocks will be sold, although the most likely option is thought to be a sale on the Zagreb Stock Exchange (ZSE).

Deutsche Telekom currently owns 51% of T-HT’s shares, with the War Veteran’s Fund holding 7% and 3.5% in government hands. The remainder is in free float. Since its initial public offering in October 2007, T-HT shares have traded on the ZSE, with global depositary receipts trading on the London Stock Exchange.

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