Czechs Push Tele Danmark to up Radiokom Bid
Published:
8 April 2001 y., Sunday
The Czech Finance Ministry will propose exclusive talks with a Tele Danmark consortium interested in buying a majority stake in Ceske Radiokomunikace.The consortium had showed interest in further negotiations with the government, while the second bidder, U.S. venture fund CEETV, had rejected further talks.
Finance Ministry spokesman Libor Vacek said the consortium of Tele Danmark and Deutsche Bank had made a "very low" bid for majority state-owned Radiokom, a telecoms company which specializes in radio and television broadcasting. Vacek would not specify the price offered by the Tele Danmark group but according government source current bid amounts 861 crowns per share, or 13.5 billion crowns ($351 million) for the 51 percent state stake.
The offer, the group's second, is significantly more than the 600 crowns per share that sources close to the privatization process had signalled in the initial bid two weeks ago but falls far short of the 30 billion crowns the government had hoped to raise from the sell-off. An extremely low price for the Radiokom stake could jeopardize plans to fund a widening public sector deficit with selloff proceeds.
Šaltinis:
europeaninternet.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »