The Germans are losing a lot; or maybe not?

Three months after an additional 10% share of stakes was sold to the German Deutsche Telecom, the share of OTE is showing a dramatic drop of 44%.

The drop from 8 million to 3.40 cannot be justified based on current economic data, as in the first semester the organisation reported a net income of 62 mil. euros against losses of 61 mil.

In fact, in recent weeks the negative measure for the workers, that is the four-day working week which so far was expected to boost the company’s share, has in fact plunged it, thus reinforcing the skepticism of the market.

It’s characteristic, however, that the Germans have invested 4 bil. in a company whose market capitalization has risen to only 1,6 bil.

And it’s worth noting that OTE will need 900 mil. euros in 2013 for expiring loans, which is an amount that in the current situation will be made possible by the market value of the organisation.

This whole process benefits only the German DT, as in a short while it will probably be able to make a public bid to acquire all the shares of OTE, as was the case with the Commercial Bank.

As mentioned by market players, the Germans of DT have no reason to put pressure on themselves in times of crisis in Greece, as it would have been best to withdraw the company from the Stock Exchange in order to garner all the profits of the Agency.