Deutsche Telekom
has entered into a purchase agreement with Marfin Investment Group (MIG) to acquire all shares held by MIG in Greece’s
Hellenic Telecom(OTE).
The agreement represents just under 20 per cent of the ordinary share capital of OTE for €26 per share, or approximately €2.5bn in total.
The agreement requires approval from Deutsche Telekom’s supervisory board and for Deutsche Telekom to enter into a shareholder agreement with the Greek government.
Approval is also required from the Inter-Ministerial Committee (IMC) for Deutsche Telekom to increase its stake in the implementation of its strategic objectives.
Deutsche Telekom says it expects to initiate discussions with the Greek government in the very near future.
Project to investigate hybrid approach to titanium manufacturing
What is this a hybrid of? Superplastic forming tends to be performed slowly as otherwise the behaviour is the hot creep that typifies hot...