The Czech Euro news weekly speculates that Komercni banka intends to sell its 50% stake in leasing company, CAC Leasing (the third-largest Czech leasing company with a 2001 net profit of CZK 291 mil.). The BACA Group holds the other 50% in the company, and KB is reportedly unable to control the subsidiary effectively. KB is reportedly to begin to provide the services of two parent-company (Societe Generale) subsidiaries, SoGeLease CR and ALD Automotive, which have only minimal domestic market shares, though. Neutral at the moment.
(Jan Hajek)