Tuesday, May 06, 2008

Greece - Deutsche Telekom

Deutsche Telecom to buy OTE stake in two weeks

Greece's Marfin Investment Group (MIG) said on Monday it expects to complete the sale of a 19.9% stake in OTE Telecoms to Deutsche Telecom in the coming two weeks, cited by Makfax.
Marfin Investment Group said the transaction between the company and Deutsche Telecom regarding the sale of OTE shares is expected to be completed within the next two weeks.

Greek Minister of Economy and Finance George Alogoscoufis told Net TV that negotiations with Deutsche Telecom have not been wrapped up yet, adding that certain issues should be resolved.
One of disputed issues is the price of around 3% of state-owned shares, subject to acquisition by Germans.

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