21 C
Bucharest
May 18, 2021
BUSINESS

OTE delegation next week in Bucharest to negotiate Romtelecom shares deal

A delegation of Greek telecom giant OTE will be next Wednesday in Bucharest, to negotiate the purchase of 46 pc of Romtelecom shares, Communications Minister Valerian Vreme said yesterday, according to Jurnalul National.

According to the minister, RCS&RDS company too voiced an interest for the shares, but the most feasible solution is to list the shares on the stock exchange. The Ministry of Communications announced last November that the Romanian state wants to sell its residual stake in Romtelecom, and invited OTE to make an offer. Another variant would be to float the shares on the bourse. At that moment, Minister Vreme said the shares held by the state in Romtelecom were worth EUR 1 bln.

Related posts

Gas consumption dropped by 19 pc in June

Nine O' Clock

EDP wind projects – the lowest-priced energy traded on Energy Exchange in past six years

Nine O' Clock

Sole income tax and CAS statement, starting 2011

Test