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Telekom Austria: Crucial Shareholder Meeting Comes Closer

People ♦ Published: May 12, 2012; 19:56 ♦ (Vindobona)

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On May 23, Telekom Austria holds its next annual general meeting. The new shareholder Ronny Pecik will enter the supervisory board. Conflicts are built in.

Telekom Austria: Crucial Shareholder Meeting Comes Closer / Picture: © Telekom Austria Group

Ronny Pecik, the Austrian investor who has bought more than 20 percent of Telekom Austria´s shareholding, named himself and his Egyptian partner Naguib Sawiris as candidates for the company’s supervisory board. The supervisory board will be expanded by two seats. Pecik requested that Telekom Austria’s annual general meeting, scheduled for May 23, votes to add himself and Sawiris to…