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Slovakia’s Economy Ministry denies discussing sale of its shares in Slovak Telekom

The Economy Ministry has not held talks with anyone about selling its 34-percent stake in Slovak Telekom (ST), Economy Ministry spokesperson Daniela Piršelová told the TASR newswire on May 23.

The Economy Ministry has not held talks with anyone about selling its 34-percent stake in Slovak Telekom (ST), Economy Ministry spokesperson Daniela Piršelová told the TASR newswire on May 23.

“The negotiations pending between the Economy Ministry and Deutsche Telekom concern only the payment of dividends from Deutsche Telekom, which Slovakia, as a 49-percent stakeholder of ST, has a full right to receive," Piršelová stated.

The head of the German telecommunications company, Roland Mahler, told Bloomberg News that Deutsche Telekom is negotiating with the Slovak cabinet to buy the remaining 49-percent stake in ST.

Slovakia’s National Property Fund also holds a 15-percent stake in Slovak Telekom and said that it has not held any negotiations with Deutsche Telekom either.

“The National Property Fund hasn't spoken to the majority stake-owner about selling its stake in Slovak Telekom,” said Miloslav Homola, the director of the executive committee chairman's office.

Earlier this year the Slovak cabinet indicated it had plans to sell the state’s remaining stakes in Slovak Telekom and to use the revenue to reduce the state budget deficit.

Source: TASR

Compiled by Jana Liptáková from press reports
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