Rich Czechs buying businesses
The financial difficulties experienced by many real estate and industrial firms have become an opportunity for advantageous acquisitions this year. Consultants and private bankers agree that the buyers are not coming just from the ranks of the richest people, but also include Czechs with property in the order of millions of crowns. Offered for sale are many developer projects in different stages of construction, said Dalibor Hlaváč, head of financial advisory at Deloitte. “Among the buyers are mainly rich individuals and financial groups,” he said. Typical for these sales is financial pressure exerted by the seller, said Hlaváč. “Speed eliminates a number of potential buyers and means an opportunity for predators that can acquire a project with a certain discountContinue Reading