Magyar Telekom today announced the closing of its public offer to acquire the remaining shares in Telekom Montenegro (TCG).
Closing of the offer to acquire remaining shares in Telekom Montenegro
2005. 05. 24. 00:00:00
Budapest,
As a result of the public offer, Magyar Telekom has acquired an
additional 3.49% stake in Telekom Montenegro for EUR 3.64 million,
increasing its stake to 76.53% by the time of the financial settlement
(on May 24, 2005). Hence, the purchase price of the company totals EUR
140.51 million.
TCG's balance sheet has been consolidated in Magyar Telekom's accounts
since March 31, 2005, while the company results will be included in the
consolidated income statement from the second quarter of 2005.
Contacts
Press Contacts
Corporate Communications Directorate
