The local Pravo daily reports that the Komercni banka tender winner, Société Générale, will not offer a post-privatization buyout to minority shareholders, as a buyout could damage KB liquidity and therefore the trading of the stock on the PSE. This was largely expected, as the government’s ability to waive buyout obligations for buyers of the state interests has recently been restored.
Société Générale also said that it does not intend to replace KB’s management and that it has plans for about 20 high-level of its own experts to support KB management.
(Jan Hájek)