GTS won a tender for Aliatel (an alternative fixed line operator) where CEZ holds a 25% stake through three of its distribution companies. The transaction has yet to be approved by the Anti-Monopoly Office and the transaction should be completed during the first months of 2005, according to Aliatel BoD’s chairman. The acquisition price was not officially disclosed, though there are speculations that it may reach some CZK 1.8bn, of which CEZ would receive some gross CZK 450m or CZK 0.75 per share of CEZ.
Tomáš Gatěk, Patria Finance