Hellenic Telecommunications Organization SA{OTE SA} &
Deutsche Telekom AG | Update Date: 09/16/08 |
| Date Announced: 03/17/08 |
Value (million $USD): 4.01 billion U.S. Dollar
2.55 billion EURO |
|
| Status: Completed | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 03/17/08 | | |
| Date Originally Announced | 03/17/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Privately Negotiated Purc |
| Attitude | Neutral | Agency | Unspecified Regulatory Auth. |
| Value | 4.01 billion U.S. Dollar
2.55 billion EURO | Advisor Fees | n/a |
| SYNOPSIS |
|---|
| GREECE - Deutsche Telekom AG of Germany acquired a 19.999% stake, or 98.026 mil ordinary shares, in Hellenic Telecommunications Organization SA {OTE SA}, an Athens-based provider of communications network, from Marfin Investment Group Holdings SA, for 26 euros ($40.9 US) per share, or a total value of 2.549 bil euros ($4.009 bil), in a privately negotiated transaction. The transaction was subject to regulatory and shareholders approvals. |
| TARGET |
|---|
| Name | Hellenic Telecommunications Organization SA{OTE SA} (OTE) |
| Industries | Telephone communications, except radiotelephone; Radiotelephone communications |
| City | Maroussi, Athens |
| State | n/a |
| Nation | Greece |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Hellenic Telecommunications Organization SA {OTE SA}, based in Athens, Greece, provides maintenance of national and international communication network for private, business and public usage and consists of cable and digital links as well as satellite communication. Its principal activities are the provision and maintenance of a national and international communication network. The company also supports the telecommunication, television and marine industries. It owns 22 subsidiaries located in Greece, Albania, Armenia, Austria and Bulgaria. The company was founded in 1949. |
| Advisors | JP Morgan & Co Inc; Deutsche Bank AG |
| Target Sales | 9.23 billion U.S. Dollar
6.32 billion EURO |
|
| ACQUIROR |
|---|
| Name | Deutsche Telekom AG (Frankfurt : DTE) |
| Industries | Radiotelephone communications; Communications services, nec; Computer integrated systems design |
| City | Bonn |
| State | n/a |
| Nation | Germany |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Deutsche Telekom AG, headquartered in Bonn, Germany, provides integrated wireless and fixed telephone communications and Internet services. The company also offers fixed network operations for residential customers and small and medium sized business customers, technical platform for a broad range of customers mainly in Germany, United Kingdom, United States, Austria, Czech Republic, and Netherlands. The company was founded in 1975. |
| Advisors | Goldman Sachs & Co |
| Acquiror Sales | 91.28 billion U.S. Dollar
62.52 billion EURO |
|
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