Telekom Slovenije Becomes the Sole Owner of Planet TV

Parallel with the transfer of the share, Telekom Slovenije, changed the company name from Antenna TV SL to Planet TV.

After complying with the decision of the Court of Arbitration of the International Chamber of Commerce (ICC) in the arbitration procedure between Telekom Slovenije and Antenna Slovenia of 31 October 2019, the transfer of 34% share in Antenna TV SL, owned by Antenna Slovenia, to Telekom Slovenije, was entered into the Slovenian Business Register. With this Telekom Slovenije became the sole owner of Antenna TV SL.

Parallel with the transfer of the share, Telekom Slovenije, changed the company name from Antenna TV SL to Planet TV.

As a reminder, in early November, Telekom Slovenije published an announcement on the Ljubljana Stock Exchange stating that the company received a decision of the Court of Arbitration of the ICC in the arbitration procedure between Telekom Slovenije and Antenna Slovenia B.V. The procedure was launched to determine the purchase fee amount in exercising the put option by Antenna Slovenia B.V. for the sale of a 34% share in Antenna TV SL, to Telekom Slovenije.

The Court of Arbitration has ruled that Antenna Slovenia B.V. exercised its put option correctly and has imposed on Telekom Slovenije to pay EUR 17.59m with default interest and costs of the arbitration procedure for the 34% share in Antenna TV SL.

InterCapital
Published
Category : Flash News

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