The choice of an adviser for the sale of the state’s 51% stake in Cesky Telecom will be delayed by at least two weeks after a bidder appealed against being dropped from the tender, the National Property Fund said on Friday. Note that 11 groups or banks have submitted bids for the mandate in February, out of which one was disqualified because it did not meet formal criteria (reportedly the consortium of HSBC and Komercni Banka).
Jan Hajek