PPF buys out minority shareholders of O2


PPF Telco Group will buy out the remaining shares of O2’s minority shareholders. O2 shareholders decided at a general meeting. 91.9 percent of the votes were in favor of the buyout.

PPF intends to delist O2 shares from the Prague Stock Exchange. The results of the vote published on O2’s website show this.

With more than 90% in O2, PPF Telco is already the majority shareholder. The buyout price was previously set at CZK 270 per share. The Czech National Bank approved the proposal in December. The buyout will be carried out through PPF Bank and completed by about the middle of this year.

The record date and further details of the payment of the consideration will be published on the company’s website. On the stock exchange, O2’s share price has fluctuated between CZK 268 and CZK 269 in recent days.