Slovenian state-owned fund Slovenije Odskodninska Druzba (SOD) yesterday published a tender for the sale of a 10 percent stake in national incumbent telco Telekom Slovenije. It is offering for sale a total of 635,548 shares in Telekom and bidders may offer to buy at least 3 percent of the firm’s capital (196,064 shares) or the entire stake. The non-binding tender, designed to verify the interest of potential bidders, is open until 3 December. Any bids received will expire on 2 February 2009.
The Republic of Slovenia directly owns a 52.53 percent stake in Telekom Slovenije, but taking into account SOD and another state fund Kapitalska Druzba (KAD) the telco is 74.14 percent publicly owned, with 10.46 percent held by domestic individual shareholders, and the remaining 15.4 percent distributed between other domestic and foreign entities.
Hungarian telco Magyar Telekom, which tabled a bid for its Slovenian counterpart in 2007, told Hungarian news website Portfolio.hu that it remains interested in acquiring a stake in Telekom Slovenije, but did not confirm or deny whether it actually plans to take part in the new tender. “We continue to be seriously interested in this opportunity and if a decision is made on a concrete step we will make an announcement,” said Magyar’s communications department.