The Czech Lidove noviny newspaper reports today that the speed of KB privatization is at risk due to a foreign minority shareholder’s filing for freezing of part of the National Property Fund’s shares. The minority shareholder had previously challenged a past shareholder meeting’s decision to allow the National Property Fund to be the sole subscriber of new KB shares in the second round of subscription in early 2000 (existing shareholders were able to subscribe in the first round, and the unsubscribed remainder was then subscribed by the NPF).
(Ondřej Daťka)