TNBiz (TNBiz)
Czech markets  |  March 13, 2013 14:55:57

The government gave the green light sale Czech airlines Koreans

Korean Air is the only company submitted an offer to purchase part of the Czech air carrier company Quatar Airways previously performed the competition.

The government approved the sale of 44 percent of the company to lose its status Airlines national carrier. The state owns 95.7 percent of the shares, the rest is held by the city of Bratislava, the Czech Post. CSA was assessed during last fall to nearly 148.5 million crowns, crowns 67.5 million, according to Kalousek proportionally correct offer.

The sale should take place on the 9th April. Transmission of shares and money transfer should take place in the first half of this year. "The state sale of 44 percent shares virtually loses the possibility to decide on key issues related to CSA.Typically, for example, increase or reduction of capital or change statutes, "says Michael Potter from the law firm Vilímková, Piper & Partners.

Korean Air is by Kalousek dynamic, big and reliable company. Its assets are worth 411 billion crowns, rose by 16 percent.

The company offered to you at the Prague airport Vaclav Havel build a transportation hub. "Despite the Prague airport will haul your clients and CSA will distribute clients across Europe," explained Minister earlier plan, Korean Air, according to him also guarantees the development of intercontinental long-distance transport. Creating a node should bring new jobs.

The privatization of government was considered in 2009, but eventually decided that CSA consortium of companies Unimex and Travel Service sells.They did not offer it, and the process by which the final amount to be paid in installments.

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