A Czech Ministry of Finance official said yesterday that the privatization advisor’s evaluation of bids for KB could be submitted to the government by June 30, and that KB privatization revenues are expected at CZK 35 bil.–38 bil. (which represents the range of the top two bids submitted by Societe Generale and UniCredito). This amounts to CZK 1,535-1,666 per share, and corresponds to recent press reports; the only new information is timing – end of June represents a few weeks’ delay compared to the optimistic early-June scenario suggested by other government officials recently.
(Ondřej Daťka)