Separately, CT CEO Gabriel Berdar said that he sees an 80% chance of the company being privatized via capital markets. He added that should this be the case, CT's strategy will not be changed. The CEO's comments are in line with our expectations. Maintaining the company's strategy is also positive as its has been proving successful so far, something that is reflected in CT's above average operating efficiency, low indebtedness and strong free cash flow generation ability. In addition Berdar said that the company looking for acquisition opportunities in South-East Europe. However, any immediate plans are hinging on CT privatization.
Source: Reuters
Tomáš Gatěk, Patria Finance