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 ($351 million) for the 51 percent state stake.
The offer, the group's second, is significantly more than the 600 crowns per share that sources close to the privatization process had signalled in the initial bid two weeks ago but falls far short of the 30 billion crowns the government had hoped to raise from the sell-off. An extremely low price for the Radiokom stake could jeopardize plans to fund a widening public sector deficit with selloff proceeds.
Šaltinis:
europeaninternet.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million.
more »
The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic.
more »
Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods.
more »
SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network.
more »
The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement.
more »
The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law.
more »
Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up.
more »
Over I half-year 2009 accommodation establishments had by 22 per cent less guests.
more »
In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF).
more »