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PPF Group ups O2 Czech Republic stake to 83.15% [TeleGeography CommsUpdate](TeleGeography CommsUpdate Via Acquire Media NewsEdge) Investment group PPF, owned by the Czech billionaire Petr Kellner, has increased its stake in domestic fixed and mobile operator O2 Czech Republic to 83.15% (voting rights), according to a central bank filing published yesterday. A separate filing showed that UniCredit Bank reduced its O2 Czech Republic holding to 0.13% from 5.68%.*PPF Group agreed a deal to purchase a 65.90% stake in the Czech operator from Telefonica of Spain in January this year and subsequently acquired an additional 7.16% via a buyout of minority shareholders in July. Its latest increase moves Kellner's firm closer to the 90% threshold he needs to enforce a mandatory squeeze out of the remaining minority shareholders. (c) 2014 PriMetrica, Inc. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |