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Czech securities commission rejects Bivideon's bid for Ceske Radiokomunikace - report
Nordic Business Report, Sept 16, 2003
NORDIC BUSINESS REPORT-16 September 2003-Czech securities commission rejects Bivideon's bid for Ceske Radiokomunikace - report(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
The Czech securities commission (SEC) has reportedly rejected a bid by Bivideon, a consortium of Deutsche Bank and the Danish telecomms group TDC A/S, for 28% of the shares in the Czech telecomms company Ceske Radiokomunikace (CRa).
SEC had said that it did not approve a CZK245 per share offer by Bivideon as the bid was not appropriately priced, reported the online news service Bluebull.
Bivideon currently holds a 72% stake in CRa.
One Czech koruna (CZK) is worth approximately 0.02 British pounds (GBP).
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