White & Case Feddersen acts on Slovak Telecom privatisation

White & Case Feddersen has advised the Slovak government on the privatisation of Slovak Telecom, the largest privatisation in the country's history.

The deal was completed last week with the sale of 51 per cent of Slovak Telecom to Deutsche Telecom for euro1bn (£625m). Slovak Telecom was one of the last fixed line companies in central Europe to be entirely state owned. Last year it was converted to a joint stock company with the aim of attracting a foreign investor.

Partner Michal Dlouhy says: “The fact that this privatisation involved an international public tender process and was conducted in a transparent fashion set a model for future privatisations in the Slovak Republic.”

Deutsche Telecom won the tender process to buy the majority stake against Telekom Austria and KPN Royal Dutch Telecom.

White & Case Feddersen is also representing the Slovak government in the privatisation of three banks in the region.