AVS, the parent of Erste Bank, which is Ceska sporitelna’s majority owner, has today announced its official public tender offer for ordinary Ceska sporitelna shares. The offer is to buy CS stock at CZK 375 per share. The offer begins today, is open until May 10, 2002, and has been approved by the Czech SEC. Patria Finance has been authorized to arrange for the implementation of the tender offer.
(Ondrej Datka)