KAL the only bidder for stake in Czech Republic state airline

Home > Business > Economy

print dictionary print

KAL the only bidder for stake in Czech Republic state airline

Korean Air Lines was the sole bidder for a stake in Czech state airline Ceske Aerolinie. The country’s largest carrier offered to pay 2.64 million euros ($3.44 million) for a 44 percent stake in Ceske, the Czech Finance Ministry said yesterday. The bid was based on an earlier estimate by Ernst & Young that valued the airline at 148.5 million koruna ($7.6 million). Korean Air’s offer meets all the conditions and is binding, the ministry said. Bloomberg
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now