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Slovak Telekom prepares for IPO with state stake sale
2015-04-09 11:22:00| Telecompaper Headlines
(Telecompaper) The Slovakia government will offer its shares in Slovak Telekom in the form of an IPO on the Bratislava and London stock exchanges, said the minister of economy Pavol Pavlis and head of the National Property Fund Branislav Bacik. The government approved the transfer of the 34-percent stake held by the Ministry of Economy to the National Property Fund, which will then conduct the sale of the whole 49-percent state share. Part of the shares will be offered for sale to the public in Slovakia. Citizens will be offered a 5-percent discount on shares worth up to EUR 10,000. Deutsche Telekom does not plan to sell any of its shares in the IPO and will keep its 51 percent holding. Citigroup and JP Morgan are acting as joint global coordinators and joint bookrunners and Erste Group and Wood & Co are acting as joint lead managers. The government expects to complete the process by the end of the first half of the year. The sale via IPO is a priority for the government and the pre-emptive right of the majority shareholder Deutsche Telekom is not considered an obstacle. The pre-emptive right is triggered only if a third party makes an offer for the company, which was not the case. Although Pavlis did not expand on how much the sale might bring in, Slovak media have in the past estimated that the stake could be worth EUR 600-800 million. Slovak Telekom reported 2014 EBITDA of EUR 310.7 million on sales of EUR 767.6 million.
Axalta, Penn State and Jeff Gordon to Unveil New Specially Designed Race Car on April 14
2015-04-09 07:00:00| Coatings World Breaking News
Santa Catarina State Looks to Export Pork to the EU
2015-04-09 02:00:00| ThePigSite - Industry News
BRAZIL - The chief executive of the Brazilian Animal Protein Association (ABPA), Francisco Turra, has participated in a series of meetings with the European Union authorities in Brussels.
State Approves Most Of The Plan To Fix Waldenwoods Violations
2015-04-08 21:58:01| Waste Management - Topix.net
Plans to address environmental violations at Hartland Township resort have for the most part been approved by state officials. Environmental concerns were raised about work being done at The Waldenwoods Family Recreation Resort on Old US-23 last year, which led the Michigan Department of Environmental Quality to get involved.
Tags: state
plan
fix
violations
For Wisconsin state workers, climate change isnt something you can talk about
2015-04-08 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Discussing climate change is out of bounds for workers at a state agency in Wisconsin. So is any work related to climate change--even responding to e-mails about the topic. A vote on Tuesday by Wisconsins Board of Commissioners of Public Lands, a three-member panel overseeing an agency that benefits schools and communities in the state, enacted the staff ban on climate change. Its not a part of our sole mission, which is to make money for our beneficiaries, said State Treasurer Matt Adamczyk,...
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