You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Croatia's Hrvatski Telekom, Zagrebacka wrap-up sale of Optima

Author Annie Tsoneva
Croatia's Hrvatski Telekom, Zagrebacka wrap-up sale of Optima Photo: Optima Telekom

ZAGREB (Croatia), 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.

You can subscribe to our M&A newsletter here

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)

Zagrebacka Banka d.d. is among the biggest banks in SEE, for more reference take a look at Top 100 banks
Share this story
SeeNews in Brief

View our Newsletters

 
Compare