Finance Minister B. Sobotka reiterated his original recommendation to sell the 51% stake via capital markets. At least 11 out of 18 ministers favour a market placement according to press reports. The Cabinet is scheduled to discuss the privatization form on Tuesday, November 16, but the decision could come later. Following the Cabinet decision the Ministry of Finance is expected to prepare a detailed timetable for the chosen form by December 15. Note that the privatization committee also recommended a capital market transaction. We continue to view sale through the market as the most likely outcome.
Source: CTK
Tomáš Gatěk, Patria Finance