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Slovak gov't approves sale of 49 pct stake of Slovak Telekom

Xinhua, February 12, 2015 Adjust font size:

The Slovak Government approved the sale of the state's 49-percent stake in Slovak Telekom. It will be carried out preferentially via the capital market, confirmed Slovak Economy Minister Pavol Pavlis on Wednesday.

"Preferentially we'll push it through the capital market in order to generate the best price. It should be as transparent as possible, with the highest profit possible. Advisors, which will be renowned banks working for the National Property Fund FNM, will issue recommendations for us. I believe that we may conclude this process soon," stressed Pavlis, adding that the project is expected to be approved by Parliament within a month.

When asked about some details on the capital market, Pavlis said that it's being discussed that the shares may be placed on a stock exchange in London or the United States.

"The state wants to conclude the entire process by the summer of this year," added Pavlis. Endit