The Cabinet yesterday allowed CKA, its 100%-owned bailout agency, to place its minor stakes in Cesky Telecom and CEZ on the market. CKA is thus expected to sell 285 and 321 thousand shares in CT and CEZ respectively (CZK 87m and CZK 60m respectively, or EUR 2.8m and EUR 1.9m) in coming months. Given the negligible size of the stakes (less than 0.1% of the companies' share capital), the news is neutral. Source: CTK.
Jan Hájek