Separately, Cesky Telecom said that its already announced plan to sell and lease back its real estate is now under progress. The company said it had attracted a number of institutional investors. CT’s CFO said previously that the company may sell real estate with a book value of CZK 10bn. Earlier speculations put the market value of the real estate at CZK 20bn, which would lead to an extraordinary profit of CZK 7.4bn or CZK 23 per CT share. Note that according to the Euro weekly, the deadline for submitting bids was yesterday.
Source: Cesky Telecom, Bloomberg
Tomáš Gatěk, Patria Finance