LATVIA - TeliaSonera challenges Blackstone’s Lattelecom bid
According to press reports, TeliaSonera yesterday challenged Blackstone’s bid for Lattelecom, the Latvian telecommunications company. Blackstone offered to acquire the business in September 2007 for $575m, but the new Latvian government (appointed after the buyout was announced), led by Prime Minister Ivars Godmains, rejected the management buyout last month and said it would open up the privatisation process to other bidders.
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