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Tuesday, 24 March 2009 20:36 |
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Four bidders have expressed interest in buying the state-owned carrier Czech Airlines, the Finance Ministry said. Three airlines are in the running for the 91.5-percent stake in CSA: Air France-KLM, Russia’s Aeroflot and a Czech consortium that includes the country’s biggest charter airline Travel Service. The fourth bid is from Odien AV III AS, a private equity fund of a financial company which is active in the region. Some commentators had expected more bids for Czech Airlines. The Czech government expects to choose a winner by the end of September, saying the privatisation could bring around CZK 3 billion into state coffers.
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Last Updated on Friday, 20 November 2009 13:12 |
