Wood & Co. - ČRa - vypadá to na stažení akcií z trhu

CESKE RADIOKOM: According to Prague Securities Centre, Bank Austria Creditanstalt AG holds 11.57% stake of CESKE RADIOKOM and the majority stakeholder Bivideon holds 71.89% of the company currently. The previously agresive minority shareholder Netla Management announced that it has sold its stake for CZK 425 per share. We see increased posibility of delisting of CESKE RADIOKOM in case that the new minority shareholder will act in accordance with the Bivideon at the AGM on June 29. In case of a de-listing, the buyout price will have to be approved by the Czech SEC. Including this large trade, the 6-month volume weighted average price currently stands at around CZK 434 per share, which would be the minimum price if a minority buyout is to take place today. We recommend investors to "HOLD" CESKE RADIOKOMshares at current price.