January 31 (SeeNews) - Croatia's Hrvatski Telekom [ZSE:HT-R-A] said on Friday it has opened an international tender for the sale of its 17.41% stake and Zagrebacka Banka [ZSE:ZABA]'s 36.90% interest in smaller local peer Optima Telekom [ZSE:OPTE-R-A].
The sale of Optima's shares was launched under a July 2017 decision of Croatia's competition agency requiring HT to start the process by January 2020 by way of international tender, with the right to also sell ZABA's stake in Optima, in line with a previous 2013 agreement between HT and the bank, HT said in an invitation for submission of offers.
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It is inviting interested parties to bid for acquiring the 12,090,190 Optima shares it holds, and for ZABA's 25,625,853 Optima shares, each of 10 kuna ($1.5/1.3 euro) in par value. Interested bidders are expected to propose a price per share in the acquisition.
The deadline for submitting of bids will expire on March 2.
Optima's shares traded 2.35% higher at 8.70 kuna at opening on Friday, after jumping 6.25% on Thursday. HT's shares added 0.27% to trade at 185.5 kuna at Friday opening, while ZABA's stocks closed flat at 63 kuna on Thursday.
(1 euro = 7.44189 kuna)
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