The Ministry of Finance should today (22 October) review a proposal on the privatization of CT submitted by the government's privatization advisor CSFB/CS. The Cabinet should take a final decision on the privatization form (a tender or via capital markets) in mid-November. Source: CIA News. However, we do not expect any official information regarding the Ministry's position to be released as there is no public statement scheduled.
In other news, there are reportedly three candidates for the post of Eurotel CEO (CT's 100% mobile subsidiary) including interim CEO, the CEO of TV Prima (a private TV channel) and the CEO of Slovenska Vseobecna Uverova Banka. CT's top managers should choose the CEO on Monday while the Supervisory Board is to confirm it on Tuesday.
Tomáš Gatěk, Patria Finance