BUSINESS

TAIPED to receive OTE’s 5 percent stake for utilization

VANGELIS MANDRAVELIS

TAGS: Privatizations

The state’s 5 percent stake in OTE telecom is to be transferred from the Finance Ministry to state sell-off fund TAIPED as early as on Friday.

The only matter that remains outstanding is the decision of the ministerial committee for restructuring and privatizations for the transfer of those 24,507,520 shares.

The transfer of the 5 percent stake, which will come out of the 10 percent of OTE that the Greek state controlled to date, will be conducted outside the bourse, as well-informed sources have told Kathimerini.

OTE is majority-controlled by Deutsche Telekom, which owns 40 percent of the country’s main telecom organization.

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