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CETIN shareholders approve CZK 32.2bn to PPF

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The general meeting of the Czech Telecommunications Infrastructure (CETIN) has approved that the company can provide a loan to PPF Arena 2 worth up to CZK 32.2bn of principal. The purpose of the loan should be the complete payoff of the acquisition loan or funding of purchases of further CETIN shares. It will thus be striving to get financial means in the form of a syndicated loan with a maturity of up to 3 years (CZK 10.2bn tranche) and up to 7 years (CZK 22bn tranche).

Source: www.cianews.cz

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