As the group now owns more than 90% in O2 CR, PPF intends to initiate a squeeze-out procedure of the remaining shareholders through a mandatory tender offer for their shares.
PPF Telco’s stake in the O2 CR share capital was increased using reverse accelerated bookbuilding for a maximum price of CZK264 per share. It was the first transaction of this type carried out on the Czech capital market.
Only qualified investors were able to participate in the accelerated share repurchase.
O2 CR shareholders who are not qualified investors will be able to sell their shares to PPF under a subsequent mandatory tender offer, in accordance with the applicable rules.