Tuesday, 1 September 2015

Reuters

Czech Pegas says does not expect impact from Unipetrol stoppage

Reuters |
28 August 2015

Czech artificial fabrics maker Pegas Nonwovens is on the "safe side" with raw material supplies for now despite a stoppage of production at supplier Unipetrol, Pegas's chief executive said on Thursday. A fire earlier this month halted petrochemical production at Czech downstream oil group Unipetrol's plant and the company said on Thursday a resumption of full production was still a matter of months.

Hejnová first woman to retain 400m hurdles title

Reuters |
27 August 2015

Czech Republic's Zuzana Hejnová became the first woman to successfully defend her 400 meters hurdles title after 14 editions of the world championships when she won gold at the Bird's Nest Stadium on Wednesday.

Government sells bonds with negative yield for first time

Reuters |
27 August 2015

Czech bond yields fell into negative territory for the first time at a primary auction on Wednesday with demand driven, dealers said, by foreign investors accessing cheap crown financing through euro swaps.

CFO: ČEZ may raise dividend if no acquisitions done

Reuters |
25 August 2015

Czech electricity producer CEZ may raise its dividend if it does not conclude any acquisitions, the company's chief financial officer was quoted as saying on Monday.

Soft drinks maker Kofola lifts profit 64%

Reuters |
20 August 2015

Czech soft drinks maker Kofola lifted first-half net profit 64% year on year to CZK 29.2 million Polish zlotys (USD 7.76 million), the company said, citing the acquisition of a mineral water brand and improved margins.

Unipetrol reports fire at Litvínov plant, no injuries

Reuters |
14 August 2015

A fire broke out on Thursday at Czech refiner Unipetrol's Litvinov plant. Employees were evacuated but no injuries were reported, the company's spokesman said, although he could not give any details regarding the impact of the fire on production at the plant.

GE Money proposes USD 808 mln dividend for sole owner

Reuters |
13 August 2015

Czech bank GE Money will pay a CZK 19.7 billion dividend to its owner, GE Capital International Holdings, as it presses ahead with plans to either sell itself or list its shares, the lender said on Wednesday.

Private equity group Penta to buy Czech newspaper company

Reuters |
13 August 2015

Private equity group Penta has agreed to buy a string of Czech newspapers from German media group Verlagsgruppe Passau, the latest in a series of deals that has shifted ownership of the country's main print media to Czech and Slovak financial firms. Penta said on Wednesday it would take sole ownership of Vltava-Labe-Press, which publishes regional papers Deník with a daily print run of 140,000 and readership of 630,000.

Georgia's main power grid for sale by Czech company

Reuters |
13 August 2015

Georgia's main electricity grid and 15 hydro power plants are for sale by their owner Czech privately-held Energo-Pro, the company said on Wednesday. Energo-Pro runs Geortia's largest grid with 51 percent market share and over a million customers, the hydro plants with 480 MW capacity and a 110 MW gas-fired plant.

Czech politicians urge central bank to quit weak crown policy

Reuters |
12 August 2015

The heads of the two houses of the Czech parliament joined President Miloš Zeman on Tuesday in urging the central bank to relax its policy of keeping the crown weak, news agency ČTK said.

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