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PPF Group starts O2 CR share buyout from individuals

On December 1, 2014, the PPF Group started the buyout of O2 Czech Republic (O2 CR) shares from minor shareholders. Individuals can sell their shares (up to 200 shares per person) for CZK 277.15 per share, which is the price at which the firm submitted the mandatory takeover bid in June. The offer is valid until January 16, 2015 until 1% of O2 CR’s registered capital is reached.