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Czech News in English » Business » Lone bidder offers CZK 1bn for ČSA

Lone bidder offers CZK 1bn for ČSA

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The lone bidder for loss-making Czech Airlines offered CZK 1 billion for the state carrier on Wednesday, but attached strings that may make the deal unacceptable for the government. A consortium of Czech companies Unimex and Travel Service said its bid price was based on the company having zero equity value, which analysts said may imply a cash injection by the government and which in turn made the bid look low.

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