"There are speculations that a share buyback proposal, aimed at delisting the company from the bourse, may be included into the agenda of the shareholder meeting," the paper quoted Andrius Šuminas, a financial broker at Swedbank, as saying.
"It is believed that TeliaSonera, the majority shareholder of Teo LT with 88 percent of shares, may initiate an offer to buy shares in Teo LT at the average market price of six months and thus try to increase its stake to 95 percent, which would set off the mandatory share buyout mechanism," he said.
That would require approval by at least three-fourths of shareholders, the broker said, adding that TeliaSonera has publicly declared its intention to increase its stakes in the companies it controls.
