The domestic newspaper Lidove noviny reports that Credit Agricole has withdrawn from the KB tender. We did not consider Credit Agricole to be among the most serious candidates, and, as such, we do not expect the stock to react to the news.
Separately, the MFDnes newspaper reports that, according to the finance minister, Jiri Rusnok, bidding price will be the single factor upon which the Komercni privatization tender winner will be decided. This suggests that the tender could be completed relatively soon excluding additional criteria. The news could add to the recent positive sentiment regarding the stock.
(Jiří Soustružník)