Erste Bank yesterday applied for a listing on the PSE; the stock exchange committee must process the application in 60 days, the Czech Press Agency reports. Erste Bank said the PSE could already decide on the listing as early as Monday.
This is in line with expectations that Erste Bank shares will be floated on the PSE from the end on July/August. We expect Komercni banka, and possibly CEZ and Cesky Telecom, to be negatively affected by the expected money flow directed towards the new issue on the PSE.
(Jiri Soustruznik)