Pravo also reports that the National Property Fund (NPF) has completed negotiations with TelSource toward the joint sale of their stakes in Cesky Telecom. According to the agreement, the NPF will sell 34% of equity (out of a possible 51%) and TelSource/KPN will offer 17% (out of 33.5%). Pravo says that the remaining stakes may be sold on capital markets. This scenario has been rumored and as such we do not expect the stock to react unless more information is forthcoming.
(Jiří Soustružník)