Slovenia to decide on sale of Telekom Slovenije

Slovenia’s state investment firm SDH has until today to decide whether to sell a majority stake of 75% in Telekom Slovenije to Cinven.

Cinven – the only bidder for state-owned Telekom Slovenije – has offered up to €130 per share, valuing the company at €850 million. Last week the private equity firm said its bid for Slovenia's largest operator is only valid until June 10.

SDH, which is coordinating the deal, said the sale of Telekom Slovenije would be suitable and economically viable.

Slovenian prime minister Miro Cerar said he expects SDH to approve the sale. "Based on the decision of the SDH that the sale (of Telekom) would be suitable and economically viable, the way to the sale is open," Cerar told reporters at a news conference.

The state had planned to sell the operator in 2008 but cancelled the sale in the later stages of the process, saying the bids were too low. 

Telekom Slovenije is the largest of 15 companies set aside for privatisation by the government in 2013.