Deutsche Telekom €900 million acquisition of Slovak Telecom

Overview:

• Deutsche Telekom has acquired the remaining 49% stake it did not already own in Slovak Telecom for €900 million from the National Property Fund of the Slovak Republic.
• Slovak Telecom was already a Deutsch Telekom subsidiary.
• Morgan Stanley acted as financial adviser to the acquirer.
• Before the acquisition went ahead Slovak Telecom had attempted a dual-listed IPO on the LSE and Bratislava Stock Exchange. Allen & Overy acted as issuer counsel on the deal with White & Case advising the underwriters.

Sam Duke - Editor