CTK informed that according to Mr. Vladimir Bystrov, spokesman of the company, Czech car dealer AAA Auto plans IPO on PSE and WSE in 2007. AAA Auto considers this step in order to finance its expansion in Eastern Europe. More information should be released next month.
AAA Auto is currently present in the Czech Republic, Slovakia, Romania, Hungary and Poland, while it plans to enter into Bulgarian, Serbian, Ukrainian and Turkish market by 2009. AAA Auto increased its sales in 1H2006 by 28% y/y to CZK 4.8bn.