The Greek government will activate an option contained in an existing contract between the Greek state and Deutsche Telekom to sell an additional 10% equity stake in Hellenic Telecommunications Organization (OTE) to the German group, Finance Minister George Papaconstantinou told a Deutsche Telekom delegation during a meeting on Wednesday in Athens.
Under an agreement reached in 2008, the German telecoms group is obliged -if the Greek state requests it – to buy an additional 10% equity stake in OTE at a pre-agreed price.
This price will be 15 % higher than the average share price of the last twenty session on the Athens Stock Exchange (ASE).
(source: ana-mpa)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
