Bivideon appealed against SEC decision that blocked its buyout offer for Ceske Radiokomunikace

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Investiční bankovnictví KB

      PR representative of Bivideon, 72% shareholder of Ceske Radiokomunikace (CRA), said in an interview with Bloomberg that Bivideon does not plan to offer new buyout of CRA’s shareholders. Bivideon appealed against the SEC’s decision that blocked its recent buyout offer. After the SEC’s decision Bivideon will decide on further steps, including possibly new buyout.

       Shares of CRA soared in the recent days driven by speculations on buyout. Moreover, after the recent ownership changes in Bivideon, we can expect a sale of the company, as Deutsche Bank is only financial investor. Price of this potential sale would be considered a benchmark by the market for possible buyout of CRA, as the only asset Bivideon holds is its stake in CRA.

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