CPI PG wants state-owned Czech Railways (ČD) to sell it a portfolio of 1,500 railway stations. ČD announced last week that it intended to sell the railway assets to another state owned company, Správa železniční dopravní cesty (SŽDC).
CPI PG’s major shareholder Radovan Vítek claimed however that he had offered a higher price: while SŽDC is willing to pay CZK 3.3bn (122 million euros) for the portfolio, Vítek’s offer amounts to CZK 4bn (148 million euros). Radovan Vítek has acquired a part of ČD’s debt and is using this to increase pressure on the railway company by threatening to sue the company as a creditor.
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