Deutsche Telekom to pay 391.6 mln euros for 10 pct of OTE

Deutsche Telekom will pay 391,630,153 euros for the purchase of a 10 pct equity stake in Hellenic Telecommunications Orgranisation (OTE), according to a decision taken by the inter-ministerial commission for restructuring and privatizations. The deal covers the purchase of 49,015,038 shares of OTE for 7.99 euros each. Under the decision, the transfer of the stocks will be made through the Athens Stock Exchange by National Securities.

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