PPF investment group buys Škoda Transportation

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.