Malaysia's Serba Dinamik Holdings Bhd said on Tuesday it has taken legal action against KPMG after the auditor raised issues with some of the company's contracts and transactions.
By Reuters Staff
3 Min Read
PRAGUE (Reuters) -Investment group PPF is set to take full control of O2 Czech Republic and withdraw the Czech telecoms group from the Prague stock exchange, dealing a blow to a bourse that has seen the exit of other companies in recent years.
PPF said on Thursday it had lifted its stake in the group to 90.01%, from 83.58%, in a reverse accelerated bookbuilding launched on Wednesday, for a maximum price of 264 crowns per share. It purchased the shares in the process for a total 5.1 billion crowns ($240.1 million).
Shares in O2 Czech Republic, the fourth-largest stock in Prague, had fallen 2.8% to 261.50 crowns by mid-morning.