January 21 (SeeNews) - Croatian telco Hrvatski Telekom [ZSE:HT] said that together with lender Zagrebacka Banka [ZSE:ZABA] it signed on Friday a deal to sell their combined 54.31% stake in fixed internet and pay-TV services provider OT-Optima Telekom [ZSE:OPTE] to Telemach Hrvatska, the local unit of Dutch multi-play and media provider United Group.
Since Telemach has obtained all regulatory approvals and all other conditions have been met to conclude the transaction, Hrvatski Telekom and Zagrebacka Banka signed a deal to transfer respectively 17.41% and 36.9% in Optima to Telemach Hrvatska, Hrvatski Telekom said in a statement.
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The deal was announced in July and needed approval by relevant competition authorities. Its value was not disclosed.
Shares of Hrvatski Telekom closed unchanged 185 kuna ($27.9/24.6 euro) on Friday on the Zagreb bourse, shares of Optima gained 2.37% to end at 5.18 kuna and shares of Zagrebacka Banka fell 2.94% to finish at 66 kuna.
(1 euro= 7.528 Croatian kuna)
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