Slim´s Entry at Telekom Austria Approved

People ♦ Published: July 27, 2012; 13:10 ♦ (Vindobona)

The Austrian Federal Competition Authority (BWB) has no objections against the acquisition by Carlos Slim.

Slim´s Entry at Telekom Austria Approved / Picture: © Wikipedia / José Cruz

Today, the Austrian Federal Competition Authority officially approved the deal between the Austrian investor Ronny Pecik and the Mexican investor Carlos Slim. At the moment, Slim owns 9.89% of Telekom Austria´s shares.

Slim will whold a 25.9% stake in the near future. As a result, Slim will become the second-largest shareholder at Telekom Austria. The publicly owned ÖIAG holds…