Deutsche Telekom acquires OTE's remaining 5% stake

Deutsche Telekom acquires OTE's remaining 5% stake
On Wednesday morning, the Hellenic Republic Asset Development Fund (HRADF) announced that the (German DT) Deutsche Telekom AG "acquired the remaining 5 pct stake in OTE as it exercised its right of first refusal for the acquisition of 24,507,520 common registered shares of OTE, following an agreement between the Greek state and Deutsche Telekom AG to which HRADF has acceded", as reported by the Greek state news agency ANA-MPA.

The closing share price in the Stock Exchange (11.24 euros), on Tuesday proved the premium of more than 3% given by Deutsche Telekom whereas, during the last 20 trading sessions the stock's average price was 11,5904 euros.... / IBNA

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