Finance Minister Jiri Rusnok said yesterday that Goldman Sachs, the government’s privatization advisor, will submit its report evaluating the bids on June 1, and that Cabinet could decide on a tender winner as early as the first week of June if the advisor’s report suggests a clearly prevailing bid. If the leading bids are closely matched, negotiations could follow for several more weeks. The prospect of KB’s sale being close may add to the speculative interest in stock. We recommend holding the stock at present but to reduce positions if the stock nears the CZK 1,200 per share level.
(Ondřej Daťka)