On Monday, the Cabinet is set to approve a proposed method of CT privatization. A Cabinet decision has been due (the official deadline was the end of November), so the timing does not come as a surprise. As for the method itself, the Ministry of Finance will propose selling the entire 51% state stake to a strategic investor, but the proposal will leave open the option of selling the combined 34% state stake and the 17% TelSource stake. The remaining government stake could then be sold on public markets, according to the deputy finance minister, Jan Mladek. Given that these two options have been known and that the final decision will be de facto postponed on Monday, we do not expect much response to the anticipated Cabinet approval.
(Ondřej Daťka)