Cesky Telecom - government plans to give TelSource certain time to sell its stake in the company

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Investiční bankovnictví KB

      Government plans to propose on the company’s EGM to cap the maximum number of investors that would be allowed to conduct due diligence to five and the due diligence should be finished until 16 February. Company’s EGM is scheduled on 23 October. Government also rejected TelSource’s requirement that would prevent the Czech government from selling its stake within 180 days after the sale of shares held by TelSource.

       Government’s proposal would be probably approved on the EGM. We expect the shares of Cesky Telecom to be influenced by news about the sale – indicative prices, number of bidders etc. Increased interest in TelSource’s stake and expectations of sale for favorable price would be positive signal for the shares. On the contrary, lack of interest, low offered price, difficulties during sale, which would threaten the deadline 16 February would again fuel the speculation that TelSource would sell its shares through the market.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.