Skanska, which acquired a 56.3% stake of IPS on Wednesday, issued a press release yesterday. Skanska announced that, in a separate transaction, it is acquiring another 9.72% stake in IPS from IPB’s investment funds. Skanska will therefore control 66.1% of IPS, for which it will pay CZK 2.45 bil. Subsequently, Skanska announced that it will purchase shares earlier sold in the buyout offer (opened on May 10, at a per-share price of CZK 158) made by Stredoevrospska stavebni, the previous IPS majority owner. Nonetheless, Skanska will announce a new mandatory buyout offer, but the per-share price of the new offer has not been indicated. Separately, IPS announced that it would hold an extraordinary shareholders meeting on July 20. Supervisory board changes are to be the main objective.
(Ladislav Kovář)