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
The World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk.
more »
The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis.
more »
Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased.
more »
According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions.
more »
The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey.
more »
On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107.
more »
Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures.
more »
The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million).
more »
The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA).
more »