Telekom Austria Group's shareholders voted on Wednesday to elect major investor Ronny Pecik to the company's supervisory board with a 73% majority. However, his co-investor, Naguib Sawiris, withdrew his candidacy for a board seat at the last minute, with Pecik citing the Egyptian billionaire’s other business commitments as a stumbling block. Recent months have seen the duo build up a 20.118% stake in the pan-European telecoms group through Pecik’s RPR Privatstiftung investment vehicle.
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OVETEL Telekom Austria round-up: Pecik on board; Sawiris questions Slim rumours
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