The Swedish construction company Skanska announced that its stake in IPS, the largest Czech construction company, reached 75.17% last Friday (August 4, 2000).
Skanska, which bought a majority stake in June, has made a public tender offer at CZK 191 per share. Patria Finance was authorized to manage the tender, which is binding for the period from July 27 to September 25, 2000. The full text of the tender is available HERE.