The Czech Republic: high hopes
Article Abstract:
Foreign businesses are increasingly becoming interested in acquiring a share of companies in the Czech Republic, particularly those in the newly privatised industries. An 89% share of the distillery company, Jan Becher Karlovarska Berherovka, has been purchased by a partnership between Czech and French businesses. A 50.5% share of power producer Elekrarny Opatovice has been purchased by the UK company, National Power PLC, and the German company, Steag AG. It is anticipated Normura Securities will go ahead with its controversial acquisition of the Investicni a Povtovni Banka.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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The Czech Republic: beer battle
Article Abstract:
The Czech Republic government sold part of banking activity Investicni a Postovni Banka (IPB) in March 1998 to Nomura Europe Holding which bought 36% of shares for 51 million pounds sterling. The sale of 30% of insurance firm Cseka Pojistovna is expected to raise 90 million pounds sterling, while CSFB Private Equity bought 44.8% of shares in Interkontakt for 27 million pounds sterling in March 1998. Czech coal producer Severoceske Doly was bought by CEZ for 53 million pounds sterling in February 1998.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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Czech Republic: investors catch 'fourth'wave
Article Abstract:
The Czech Republic government tried to encourage the sale of public owned firms into private ownership, with the sale of Elektrarny Opatovice for $160 million to National Power UK in Sept 1997. Political unrest had led to a previous suspension of privatization in the Czech Republic, and businesses hoped the new wave of activity would encourage restructuring and investment. Japanese-based Nomura International bid for both brewing firm Pivovar Radegast and bank Investicni a Postovni Banka.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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