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General meeting of O2 CR to decide on loan for PPF Arena 2 B.V.

Shareholders in O2 Czech Republic (O2 CR) will decide at a regular general meeting of the firm on the possibility to provide a financial assistance in the form of a loan up to the total principal amount of CZK 24.8bn to PPF Arena 2 B. V. (PPF Arena). The goal of the loan is to pay part of a syndicated loan provided to PPF Arena by a syndicate of banks led by Société Générale CIB with a total loan framework of EUR 2.28bn. According to O2 CR, the general meeting takes place on December 17, 2014.

Source: www.cianews.cz