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PwC: Firms worth over EUR 6.8bn sold in CR in 2015

Acquisition transactions totalling at least EUR 6.8bn took place on the Czech market in 2015, auditor PwC CR has informed. The biggest transaction was the floating of telecommunications infrastructure company CETIN from O2 Czech Republic (EUR 1.69bn). It was followed by the sale of 24% stake in Generali PPF Holding for EUR 1.24bn, the stake in CGS Holding for EUR 1.16bn, Palladium Praha shopping centre for EUR 565m and 24% stake in J&T Finance Group and 9.9% stake in J&T Private Equity for EUR 500m. PwC CR’s transaction expert Jan Hadrava predicts that investors will continue to be interest in engineering and industry, finance, consumer sector and technology companies.

Source: www.cianews.cz