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Czech iconic start up travel agency seen for sale

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One of the biggest Czech business success stories of the post-Velvet Revolution is up for sale according to Hospodářské noviny. The business daily bases its information on a document drawn up for potential investors. It says that the asking price for airline and bus ticket seller Student Agency could come to around CZK 1.0 billion based on its recent turnover figures. Turnover last year reached 18 million euros with the company employing around 175. The owner Radim Jančura wants to use the income from the sale to invest in other parts of his transport empire.

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