Zentiva’s shares fell by 6.3% d/d to CZK 687 yesterday partially on a downgrade of one London investment bank and some speculations regarding expiration of lock up period for Zentiva’s majority own Warburg Pincus funds (own 54% stake) at the end of December. We have contacted Warburg Pincus and Zentiva in that matter. Zentiva told us that as far as it is aware, Warburg Pincus (WB) has no plans to sell any of its shares after the lock up expiration. Zentiva understands that WB’s strategy is to remain an investee in their companies post IPO.
Tomáš Gatěk, Patria Finance