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 22 of June this year, the board of the newly established company of AB Bank SNORAS - UAB “SNORO Media Investicijos” - made a decision to invest in the shares of UAB “Lietuvos rytas” and to acquire 34 per cent of the authorised capital of the company.
more »
The Banker's Exchange is joining forces with Chicago-based Intergam Logistics as part of a global expansion initiative into the ATM support market.
more »
Lisbon treaty and financial supervision dominate debate at EU summit.
more »
In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary.
more »
Due to the rising concerns on a possible disruption of Russian gas supplies to Europe coming through Ukraine, the Commission has chaired a meeting of the Gas Coordination Group to assure a stronger EU coordination and to secure energy supplies to European citizens.
more »
Mexico signs an agreement with Google to help revive tourism at its historical sites, after the swine flu epidemic.
more »
The recession could hit working women harder than men, an EU study warns, underscoring persistent disparities between the sexes in the European labour market.
more »
The first 4 months of 2009 saw 25 percent more FBI background checks on prospective firearm buyers compared to the same period last year in US.
more »
AS “Latvijas Krājbanka”, managed by AB Bank SNORAS, was presented with the annual prize of Deutsche Bank AG, one of the largest European banks, for the excellent quality of the outgoing payments.
more »
Danske Bankas has made another increase in the interest rate for fixed-term deposits in litas for both private and corporate clients.
more »