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Cinven conditional bid for Telekom Slovenije rejected
2015-06-16 08:23:00| Telecompaper Headlines
(Telecompaper) Slovenian state firm SDH announced it has rejected UK investment firm Cinven's bid for Telekom Slovenije. It said the bid was rejected because Cinven attached additional conditions to the offer submitted 20 May. SDH added it was still prepared to complete the transaction without those conditions. According to local media reports, Cinven's additional condition was that it retains a part of the purchase price until Macedonian regulators approve Telekom Slovenije's sale of its Macedonian unit One to Telekom Austria. For its part, Cinven said it remains interested in the purchase of Telekom Slovenije and open to re-evaluating the situation in the coming weeks.
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Category:Telecommunications