Vladimír Urbánek (Kurzy.cz)
Czech markets  |  March 13, 2013 13:44:37

CSA: Korean Air will receive a 44 percent stake for 67.5 mil

According to agency reports, the government today approved the sale 44procentního stake in CSA in the hands of Korean Air for the price of 67.5 million. The contract of sale should be signed on the 9th April, the actual realization of the transaction should be completed by the end of the first half of this year.

Korean Air was the only company that submitted a bid to buy a home loss carrier. Their offer, analysts roughly corresponds to fair value. It has recently been auditing company Ernst & Young established the estimate to approximately 148 mil
CSA in 2011 underwent 241 mil, the results for 2012 are not yet available.

According to the first statement are representatives of CSA due to the sale of a minority stake satisfied. Korean Air is considered a strong partner who also has a great ambition and a fairly clear idea of ??the use and future of CSA.Korean Air currently operates the world's 146 aircraft flying to and from 124 destinations in 40 countries worldwide. Annually Korean airline carries around 23 million passengers.

The government is trying to sell CSA several times. Original assumptions allowed for income from the sale level 3-5 billion

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Read also:

August 09, 2013Air Bank v pololetí snížila ztrátu na 15 mil.Kč z 284 mil. Vladimír Urbánek (Kurzy.cz)
April 10, 2013Korean Air has signed an agreement to acquire CSA Vladimír Urbánek (Kurzy.cz)
March 05, 2013Korean Air has confirmed an offer for CSA Mediafax (Mediafax)
May 02, 2011Schodek státního rozpočtu v dubnu stoupl na 67,5 mld.Kč Vladimír Urbánek (Kurzy.cz)

ČSA: Korean Air získají 44procentní podíl za 67,5 mil.Kč

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