Bivideon (100%-owned by Deutsche Bank), which holds a 72% stake in České radiokomunikace, officially announced yesterday it has decided to cancel its plan for a voluntary buy-out offer to minority investors.
Source: Bivideon
Note that the Czech SEC recently confirmed its decision to reject Bivideon's buy-out offer at CZK 245 per share. Bivideon is now considering legal action against this decision to claim compensation for the alleged losses it has suffered as a result of the SEC's decision.
Jitka Oppitzová, Patria Finance