Estonia to reject TeliaSonera's offer for Eesti Telekom
Published:
11 June 2004 y., Friday
The Estonian government will reportedly reject the Finnish-Swedish telecomms operator TeliaSonera AB's cash offer of EUR500m for the Estonian telecomms operator AS Eesti Telekom, of which TeliaSonera owns 49% and the state 27%.
Estonia's finance minister Taavi Veskimagi reportedly said in a statement that he would propose to the government on Thursday (10 June) that the offer be rejected.
The minister had previously said that the offer was too low but TeliaSonera said that it would not raise its offer, reported the online edition of the Finnish business daily Kauppalehti.
The minister added that the Estonian state was still willing to sell its share if receives a good enough offer.
Šaltinis:
NORDIC BUSINESS REPORT via COMTEX
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission has adopted additional legislative proposals today to further strengthen financial supervision in Europe.
more »
The EU has announced plans to regulate the market for derivatives – complex financial products that helped trigger the financial crisis.
more »
New proposals to help EU farmers through the milk price crisis were backed by Parliament on Thursday.
more »
The European Commission and the European Investment Bank (EIB) Group are organising a conference in Brussels on 22 and 23 October to further promote two initiatives designed to increase the use of financial engineering instruments in the framework of cohesion policy.
more »
The biggest thermal insulation production manufacturer in Finland “Finnfoam” has started the construction of a thermal insulation production plant in Kaunas FEZ.
more »
The European Investment Bank (EIB) is providing two loans in Hungary.
more »
Key Western Balkan projects to benefit from new funding EU, IFI financing to focus on infrastructure, SMEs and energy efficiency.
more »
Lithuania, Belarus and China will cooperate in the development of the initiative of the East-West transport corridor.
more »
On October this year AB Bank SNORAS will provide preferential UAB “Guarantee Fund of Agricultural Loans ” purpose loans to farmers and companies, which scope of activity is economic activity and processing of agricultural production.
more »
The European Commission has today approved an application from Austria for assistance under the European Globalisation Adjustment Fund (EGF).
more »