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Italy's DBA in talks to sell Slovenia's Actual IT to Telekom Slovenije

Author Radomir Ralev
Italy's DBA in talks to sell Slovenia's Actual IT to Telekom Slovenije Author: Rachel Johnson.

LJUBLJANA (Slovenia), September 28 (SeeNews) - Italian diversified holding DBA Group said it is in talks for the sale of its Slovenian subsidiary Actual IT to state-controlled Telekom Slovenije [LJE:TLSG].

"Negotiations have begun with Telekom Slovenije and at present no agreement has been reached, nor has any contract with binding content been signed," DBA Group said in a filing with the Italian Stock Exchange on Monday.

The negotiations with Telekom Slovenije were held in the context of the assessments related to the enhancement of the group's activities abroad, DBA Group said.

On Saturday, Slovenian daily Dnevnik reported that Telekom Slovenije considers the purchase of Actual IT from DBA Group and its supervisory board will discuss the issue on September 27.

"I can only say that we had a very long discussion at the last meeting of the supervisory board and that there were questions. On Monday, we will continue, and I expect concrete answers from the experts who participated in this procedure. The supervisory board must be 100% sure about what it is deciding, and it must have answers to all questions," Dnevnik quoted Iztok Cernosa, chairman of Telekom Slovenije's supervisory board, as saying.

DBA Group acquired Actual IT from Slovenian conglomerate Istrabenz [LJE:ITBG] for 8 million euro ($9.4 million) in February 2015. Under the ownership of the Italian group, Actual IT expanded through acquisitions and in 2019 it took over Unistar LC, one of the biggest suppliers of ICT equipment in Slovenia.

($ = 0.85112 euro)