Czechs Prepare to Selling Airline, Airport

Feb. 20, 2007
The government will also work this year to prepare for privatizations of Prague's Ruzyne International airport and the state-run airline CSA.

The Czech government plans this year to sell about a seven-percent stake in the country's state-run power utility CEZ in a move to cover a 30 billion koruna (euro1.07 billion; US$1.41 billion) fiscal budget gap, a newspaper reported Tuesday.

Trade Minister Martin Riman told the Hospodarske Noviny daily the government will also work this year to prepare for privatizations of Prague's Ruzyne International airport, the state-run airline CSA and the Czech Post.

Riman said a sale of Czech Railways could also be an option in the future.

Riman was also in favor of possibly selling Budejovicky Budvar NP, which has been fighting a century-long trademark battle with U.S. beer giant Anheuser-Busch Cos Inc., putting the brewery's value at 20-30 billion koruna (euro710 million - 1.07 billion; US$932 million - 1.41 billion).

But Agriculture Minister Petr Gandalovic, whose ministry is in charge of the company, told the paper that Budvar's sale "is not on the agenda."

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