Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, has been informed that the Hellenic Republic today announced a further step in its privatisation program through the planned sale of common shares of OTE via an accelerated book build to international and Greek qualified investors via a private placement.
The size of the offering is up to 52,446,092 common shares or 10.7% of the Company's outstanding share capital. All the shares to be offered are existing shares listed on the Athens Exchange and currently held by the Hellenic Republic.
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