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Athens News Agency: News in English, 08-03-17

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] MIG to sell OTE stake
  • [02] Athens Newspaper Headlines

  • [01] MIG to sell OTE stake

    Marfin Investment Group (MIG) on Monday announced that it has signed an agreement with Deutsche Telekom AG for the sale of its equity holding of 98,026,324 shares in OTE (Hellenic Telecoms) at 26 euros per share. The transaction is expected to be completed by May 7 at the latest, and is subject to approval by Greece's Inter-ministerial Denationalisations Committee.

    The agreement has been approved by the MIG administrative board and the Deutsche Telekom administrative board, but is subject to approval as well by the latter's Supervisory Board.

    Deutsche Telekom (DT), in an announcement of its own, said it has reached an agreement with MIG on the basis of which Deutsche Telekom will acquire MIG's entire share package in OTE S.A., representing a percentage of just less than 20 percent of OTE's total share capital, at 26 euros per share, or approximately 2.5 billion euros.

    It said that the agreement is pending on approval by Deutsche Telekom's Supervisory Board, and on signature of the deal with the Greek State and approval by the Greek Interministerial Committee regarding the increase in Deutsche Telekom's share stake in OTE aimed at realising its strategic targets.

    The relevant talks between Deutsche Telekom and the Greek State for reaching agreement are due to begin in the immediate future, according to the DT announcement.

    Caption: ANA-MPA file photo of Hellenic Telecoms (OTE) headquarters in Athens.

    [02] Athens Newspaper Headlines

    The Monday edition of Athens' dailies at a glance

    The discussion of the social security draft law that begins Monday in parliament, the nationwide labour strike on Wednesday and main opposition PASOK leader George Papandreou's decisions announced during the 8th party Congress (barring the participation of former Ministers and government officials in the Political Council, the party's top steering body) dominated the headlines on Monday in Athens' newspapers.

    ADESMEFTOS TYPOS: "Papandreou shelves PASOK's high-ranking members".

    APOGEVMATINI: "The debate of the social security draft law begins in parliament - A week of chaos and hopes for exodus from the crisis (after the passing of the draft law by parliament)".

    AVRIANI: Foreign Minister Dora Bakoyannis explains to newspaper: "Why I put a veto on FYROM".

    CHORA: "2,234 hirings in public sector".

    ELEFTHERI ORA : "New round of negotiations on the FYROM name issue start on Monday in Vienna - Where will the word 'New' (Macedonia) be added, in the front or at the end (of the name)?"

    ELEFTHEROS: "High ranking member of ruling party New Democracy, former Foreign Minister Antonis Samaras sends three meaningful messages on FYROM 'name issue', social security reforms and economy".

    ELEFTHEROS TYPOS: A poll conducted by the newspaper claims that people disagree with the social security reforms but agree on the strikers' requisition.

    ELEFTHEROTYPIA: "Court ruling prohibits continuation of strike in PPC (Public Power Corporation) - Government mobilises MAT (Riot police) and strikebreakers".

    ESTIA: "Centre-Right parties' serious mistakes - They pave the way for Centre-Left parties".

    ETHNOS: "Clash to the final cut - Strike storm begins on Monday over the social security draft law".

    TA NEA: "George's (Papandreou) wager brings a 100 per cent reversal - Only new faces will participate in PASOK's Political Council".

    VRADYNI: "Papandreou bars high ranking party members from the Political Council - Distance makes the heart grow fonder".

    Athens News Agency: News in English Directory - Previous Article - Next Article
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