Czech Republic Metrostav likely to acquire majority stake in Subterra

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	Czech Republic

Metrostav likely to acquire majority stake in Subterra

Metrostav, the second largest construction company on the Czech market, has made a deal to buy a 78 percent stake in building firm Subterra, in addition to a 12 percent stake acquired last year.

Metrostav will sign a contract, pending approval from the Anti-Monopoly Office (UOHS).

The price of the acquisition has not been disclosed.

(PBJ 15.xii.03)

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