LJUBLJANA (Reuters) - UK investment firm Cinven (CINV.UL) said on Tuesday it remains interested in the purchase of Telekom Slovenia, after Slovenia on Monday rejected its altered bid for the company.
"The conditions to proceed with the transaction now are not in place. Cinven remains interested in the privatisation of Telekom Slovenia and open to re-evaluate the situation in the coming weeks," Cinven said in a statement.
Slovenian state firm SDH, which is coordinating the privatisation, said on Monday it could not accept Cinven's additional conditions to its May 20 binding bid for Telekom.
According to local media, Cinven's conditions include Cinven not paying the full purchase price until Macedonian regulators approved the sale of Telekom's Macedonian unit.
The sale of that unit to Telekom Austria was agreed last year but Macedonia's market regulator has until July 9 to decide whether to approve it or not.
Cinven said its bid for Telekom can be re-evaluated once the outcome of Telekom's Macedonian unit is clear.
Cinven had offered up to 130 euros (94 pounds) per Telekom share which would value the whole company at 850 million euros.
Telekom is one of 15 firms that were earmarked for privatisation in 2013. So far four of those firms have been sold while one is undergoing bankruptcy procedures.
