CEZ - Penta raised its offer in privatization of Severoceske doly to CZK 6.831bn

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Investiční bankovnictví KB

      Czech-Slovak financial group Penta announced that it increased its offered price in privatization of Severoceske doly from CZK 5.4bn to CZK 6.831bn. The other bid follow – J&T (CZK 6.8bn) and Appian Group (CZK 4.8bn).

       Although the Penta’s offer values CEZ’s 37% stake in Severoceske doly at CZK 4.6bn compared to purchase price of around CZK 3.5bn and eliminates the risk CEZ would have to create provisions against its investments in case of lower offered price, we do not expect more significant impact on CEZ’s share price, as originally the best offer by J&T was CZK 6.8bn.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.