LJUBLJANA, June 9 Slovenia will invite investors
to submit binding bids for the purchase of its largest telecom
operator Telekom later this week, state investment
fund SOD, which is coordinating the sale, said on Monday.
It said it had received "non-binding bids from a significant
number of leading strategic and financial investors" but gave no
Telekom has a market capitalisation of 947.6 million euros
($1.29 billion) and the sale is expected to be completed by the
end of this year.
The government and state-owned businesses are selling a
total of 72.75 percent of Telekom, with the rest of the company
already in the hands of private investors.
SOD said the sale was proceeding on schedule even though the
centre-left Prime Minister Alenka Bratusek resigned in May after
she lost the battle for the leadership of her Positive Slovenia
party. The country is due to hold a snap general election on
Sources close to the deal told Reuters in December that
private equity groups and companies such as Deutsche Telekom
and Telenor could be interested.
Telekom shares rose 1.03 percent to 146.5 euros after the
statement was released, while the blue-chip SBI index
gained 0.93 percent.
($1 = 0.7345 Euros)
(Reporting by Marja Novak; Editing by Zoran Radosavljevic and