Press: national airline and Prague airport could be sold to single investor

The national airline CSA and Prague airport Letiště Praha could be privatized at the same time, the daily E15 wrote on Tuesday, citing Deputy Finance Minister Ivan Fuksa. Mr Fuksa told the paper that the government was willing to adopt a more flexible approach to the privatization of the two state assets, and would consider selling both companies at the same time. Czech private equity group Penta Investments as well as Indian industrial conglomerate Essar, in a joint venture with Germany’s Hochtief, are among the potential bidders in both companies, the daily said. Analysts say the airline’s value is between 4 billion and 6 billion crowns, while the state’s 92-percent stake in the airport is expected to generate between 80 billion and 100 billion crowns.

Author: Rosie Johnston