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CSA: Korean Air as Only Bidder

Published: March 7, 2013; 15:49 · (Vindobona)

The Korean airline company aims to take over the publicly held stake in Czech Airlines (CSA). Korean Air only offers € 2.64m.

CSA: Korean Air as Only Bidder / Picture: © CSA Czech Airlines

At the end of February, Korean Air has submitted a binding offer to the Czech government. The Asian airline group wants to take over a share of 44%. This corresponds to the publicly held stake in CSA. The offered price totals € 2.64m. For the Czech government, the offer is a welcome opportunity to sell the financially stricken airline. Already in 2009, the Czech government wanted to…

This article includes a total of 292 words.

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