National Property Fund of SR has sold its 49% stake in Slovak Telekom to Deutsche Telekom

Deutsche Telekom, the majority shareholder of Slovak Telekom, has acquired the remaining 49% stake in the company for US$1 billion.

Slovak Telekom, part of the Deutsche Telekom group, is the largest multimedia and telecommunications operator in the Slovak Republic, offering a full range of broadband, fixed telephony, Pay TV, mobile data and voice services as well as a comprehensive suite of ICT services.

Deutsche Telekom is one of the world's leading integrated telecommunications companies. With more than 228,000 employees and present in 50 countries, Deutsche Telekom further develops its strategy and aims to become the leading European telecommunications provider.

The Slovak government was running a dual-track process in order to dispose its 49% stake in Slovak Telekom. The intended IPO was not completed and the process was finalized as a direct sale to majority owner Deutsche Telekom, as the price offered exceeded the proceeds expected to be raised through a public listing.

Oaklins' team in Slovakia acted as joint lead manager and regional offering coordinator.