Essar among potential bidders for Czech airline and Prague airport

Prague: Czech airline CSA and the Prague airport Letiste Praha could both be sold to one investor, said daily E15, citing deputy finance minister Ivan Fuska.
The privatisation of both companies could take place simultaneously, Fuska added, suggesting a more flexible approach to the sales process on the part of the government, after earlier press reports which said the airport would be privatised first.
Czech private equity group Penta Investments as well as Indian industrial conglomerate Essar, in a joint venture with Germany's Hochtief, are among potential bidders in both companies, the daily said.
France's Air France, Russia's Aeroflot, Czech Penta and U.S. investment group Odien Group are reportedly interested in the airline, while Essar, India's GMR Group as well as Changi Airport were named among bidders for the airport, the daily said.
28/04/08 Thomson Financial/Forbes, USA

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Categories: Airports Apr 2008, Foreign Apr 2008, New Apr 2008