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Czech markets  |  19.4.2013 9:04:20

Orco: Vitek will no longer continue to increase its stake in the company, reducing assets by 200 million euros

Radovan Vitek, whose company holds a 30% stake in Orco, yesterday in an interview with Bloomberg said that currently does not plan to further increase the share in the company. According to Vitek is first necessary to reduce the value of the assets from the current 1.3 billion to EUR 200 million, to better reflect reality. Vitek added that Orco must cut costs and sell some unprofitable assets.

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Orco: Vítek už nebude dál navyšovat svůj podíl ve firmě, snížení aktiv o 200 mil.EUR

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