Ceske radiokomunikace held an EGM on Friday upon a request by its majority owner Bivideon (Bivideon holds 94.2% stake in Cra). Shareholders approved that (1) Cra may buy back a maximum of 10% of the total outstanding shares, (2) Cra will not hold these share for more than 1.5 years and (3) the maximum buy-out price would be CZK 440 per share. As expected Cra’s shareholders also approved de-listing of Cra’s shares.
Source: CTK
Tomáš Gatěk, Patria Finance