JP Morgan, the Cabinet’s privatization advisor for Cesky Telecom, yesterday denied press reports that Deutsche Bank/TDC consortium, the privatization tender winner, is seeking a reduction of the acquisition price from the government (the consortium’s successful bid was EUR 1.82bn [CZK 54.8 bil.] for a 51% stake, or CZK 334 per share) (Reuters).
Jiri Soustruznik