Deputy Finance Minister Jan Mladek said at a conference yesterday that the first indicative talks due with banks interested in buying the state’s interest in KB will be held in September. An information memorandum should be available to potential investors before then. This timetable had been previously announced, though its confirmation may be reassuring for the market. The Ministry of Finance will soon send a letter to potential investors, in which it will restate its readiness to advance the KB privatization process. We expect the government to complete KB’s privatization in the first half of 2001.
(Ondřej Daťka)