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Finnish state to sell shares in TeliaSonera AB

Telecomworldwire, Dec 8, 2004

TELECOMWORLDWIRE-8 December 2004-Finnish state to sell shares in TeliaSonera AB(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com

The Finnish government announced on Wednesday (8 December) that it would offer 250 million of its shares in the Finnish-Swedish telecomms operator TeliaSonera AB.

The offering would be marketed through an accelerated book built offering to international and Nordic institutional investors. The offering may be increased to a maximum of up to 300 million shares subject to market conditions.

The 250 million shares represent some 5.3% and the 300 million shares some 6.4% of the total outstanding shares of TeliaSonera.

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After the sale the ownership interest of the Finnish state would be not less than some 12.7%.

Based on the share price on Tuesday (7 December) the sale is worth EUR1.15bn, reported the Finnish news agency STT.

((Comments on this story may be sent to tww.feedback@m2.com))

COPYRIGHT 2004 M2 Communications Ltd.
COPYRIGHT 2004 Gale Group

 

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