The HN daily newspaper reports today that KB will sell its 69% equity stake in the Ceska zbrojovka manufacturing company to a Czech buyer, and that the sale will likely result in a KB loss. As we wrote yesterday, if there is a loss, it should not exceed CZK 6-7 per KB share in the worst hypothetical case, and it is likely to be less than this amount. Given that KB stock did not negatively respond to HN’s report yesterday of a potential KB loss on this investment, we do not expect any response today.
(Ondrej Datka)