Swisscom ready to buy Antenna shares
Tuesday, November 29, 2005, 09:05
The State Financial Supervisory Authority (PSzÁF) approved the public purchase offer made by Swisscom Broadcast AG to buy out the shares of small shareholders in Antenna Hungaria Rt, Napi Gazdaság reported. Swisscom acquired the 75% plus one share stake of Antenna Hungária from privatization company ÁPV Rt. The small shareholders can offer their shares to Swisscom from December 1st through January 5th and will be paid Ft 5250 per share, the same price as Swisscom paid to ÁPV Rt. Swisscom had previously announced its goal to become the 100% owner of Antenna Hungária and then to initiate Antenna's delisting. At present it could be prevented by ÁÉB Bank head Megdet Rahimkulov, who has an over 15% stake.