Ceske radio: Privatization committee wants TeleDanmark to improve its bid

The Czech MFDnes news daily reports today that the government’s privatization committee for Ceske radiokomunikace will meet this week and that it wants to seek negotiations with TeleDanmark toward increasing TeleDanmark’s bid for the 51% stake, which is reportedly at some CZK 600 per share and below the government’s expectations. The Cabinet, which should discuss the results of the tender process to date by the second week of April, may either pursue a deal with TeleDanmark or cancel the current tender altogether in favor of another privatization approach (sale of assets, IPO, etc.). Ceske radio’s current stock price should effectively reflect such developments given earlier reports, but there may be a further response from the stock.

(Ondřej Daťka)