ECONOMY

Greek privatisation agency launches tender to sell 5 pct OTE stake

greek-privatisation-agency-launches-tender-to-sell-5-pct-ote-stake

 Greece’s privatisations agency HRADF said on Tuesday it launched an international tender to sell a 5.0 percent stake in OTE Telecom, corresponding to 24.5 million shares.

“The tender process will be conducted in one phase and interested investors are requested to submit their binding offers … no later than 15 March 2018,” HRADF said.

OTE, the former national monopoly, is currently 40 percent owned and managed by Germany’s Deutsche Telekom.

[Reuters]