Pecik to Resell Stake in Telekom Austria?

Markets ♦ Published: October 21, 2011; 18:12 ♦ (Vindobona)

The Austrian investor is reportedly planning to buy further shares and to sell the package to Russian Vimpelcom in several years.

Pecik to Resell Stake in Telekom Austria? / Picture: © Telekom Austria Group 2013-Pecik_CV_English

According to Austrian weekly “Format”, Ronny Pecik’s stake in Telekom Austria is bigger than the 5.4% that have already been confirmed by the company. The investor and his consortium had quietly secured a 20% stake already, partially in the form of options, and they were aiming at up to 30%, the paper reported. Within two to five years, Pecik would then sell the package to Russian…