A Ceske radiokomunikace (Cra) minority shareholder, Netla Management, has called on Cra’s board of directors to convene an EGM. Netla is likely seeking details of Cra’s divestiture of Contactel, company restructuring, and of a possible minority buy-out offer from Bivideon, a TDC/Deutsche Bank consortium that holds 72% of Cra. It is unlikely that the board of directors or supervisory board would answer buy-out related questions, and the other items are of minor importance for Cra stock. Separately, Contactel, Cra's 40%-owned subsidiary, announced that it would decrease its share capital to cover its retained losses. Neutral.
Jiří Soustružník