The investment group PPF of Petr Kellner has signed an agreement on the purchase of 100 percent shares in the Plzen engineering company Škoda Transportation. The sales deal was confirmed by PPF spokeswoman Zuzana Migdalová, though she did not specify how much PPF paid for the company.
According to the business news site ihned it was over 10 billion crowns. With its 5,300 employees, Škoda Transportation is the biggest transport engineering company in Central and Eastern Europe.
Prague transit stops start of massive project for US student
Political scientist: Prague has become a hub for Russian operations in broader Central Europe
Growing concern over plight of leading Chinese investor in the Czech Republic
President Zeman’s Chinese advisor arrested
Jan Masaryk’s mysterious death – a “last nail” in the coffin of democracy in 1948