Monday, 21 April 2014

Reuters

PKN Orlen in talks to buy Eni stake in Czech refiner

Reuters |
15 April 2014

Polish oil firm PKN Orlen is in talks to buy Italian firm Eni's stake in the Czech Republic's sole refiner, the Czech industry minister said, a step that could lead to more investment and help secure its future. The sale of Eni's 32.4% would give local PKN unit Unipetrol full ownership of Česká rafinérská after it also bought a 16% stake from Shell earlier this year for USD 27 million. "(Eni) is negotiating with PKN Orlen on the conditions for it to exit Česká rafinérská," the minister told Reuters.

Czech investor Penta to focus on healthcare, airport

Reuters |
15 April 2014

Czech-Slovak investment group Penta is looking to sell some of its smaller holdings to focus on bigger projects such as expanding its healthcare division and building a competitor to Prague airport, a partner in the firm was quoted as saying on Monday.

NWR confident of deal with state over Paskov coal mine

Reuters |
9 April 2014

New World Resources (NWR) is confident it can reach an agreement with the Czech state by the end of April to delay the planned closure of its Paskov hard coal mine, Chairman Gareth Penny said on Tuesday after meeting with government officials.

C.banker says self-fulfilling deflation expectations averted

Reuters |
9 April 2014

The central bank's actions against the threat of deflation, including cuts in interest rates and weakening the crown currency, have averted the risk of self-fulfilling deflation expectations, Vice-Governor Vladimir Tomsik wrote in a blog posted on the bank's website on Tuesday.

Czech firm says planning sale of 12 L-159 fighter jets to Iraq

Reuters |
8 April 2014

Czech aviation company Aero Vodochody has agreed to sell 12 L-159 subsonic fighter jets from the Czech army's stock to Iraq, a spokesman for the company's owner said on Monday.

Fraudster wins new job, steals again and runs

Reuters |
7 April 2014

A Czech fraudster on the run from prison got hired as a chief economist at a museum, where he stole some CZK 10 million, media reported.

Czech developer Orco shares sink after bank calls in Zlota loans

Reuters |
3 April 2014

Shares in Czech developer Orco Property Group slumped to new lows on Wednesday after the bank financing its Zlota 44 residential block in Warsaw called for the repayment of loans totalling more than USD 83 million.

Czech property firm plans listing via Dutch-based Domus

Reuters |
3 April 2014

Netherlands-based property company Domus plans a stock market listing in Amsterdam that a source familiar with the matter said could value the firm at EUR 490 million. The company partly owned by Czech financier Zdeněk Bakala.

Czech PPF buys stake in French cancer treatment research firm

Reuters |
1 April 2014

Czech investment group PPF has acquired a minority stake French biotech company OriBase Pharma, PPF said on Monday.

Czech investor J&T consolidates Unipetrol stakes in push for influence

Reuters |
31 March 2014

Investment group J&T has merged its stake in Unipetrol with those of various clients, making them the second-biggest shareholder in the Czech downstream oil group with more influence to push for supervisory board seats and a dividend payment.

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