By Reuters Staff
3 Min Read
PRAGUE (Reuters) -Two investor advisory firms have recommended MONETA Money Bank shareholders vote against a plan to buy investment group PPF’s Czech and Slovak lending assets, saying the price may be too high.
It was not clear what impact the recommendations from Glass Lewis and Institutional Shareholder Services could have on the June 22 shareholder vote on the two-part deal.
The tie up is the groups’ second attempt in two years to create a Czech banking giant to compete with larger rivals.
If approved, the deal would give PPF majority control in MONETA, the country’s sixth largest bank.
Preliminary Reports
Eight Deaths in Fiery Takeoff Accident
IAI 1124A WestWind II, March 29, 2020, Ninoy Aquino International Airport, Manila, the Philippines – All eight on board perished and the aircraft was destroyed after catching fire during its takeoff roll on Runway 06. The medevac flight was departing for Haneda, Japan. Witnesses reported seeing sparks coming off the runway before the jet reached Taxiway R2. They continued until the airplane departed the runway safety area at the H1 intersection, struck two runway edge lights and a concrete electric junction box, and came to rest against the airport perimeter fence, where it was consumed by fire. Chunks of rubber, metal debris, and scrape marks from the hub of the right main wheel were found on the runway. Scrape marks from the left main wheel began near H1, where much of the left main tire was recovered. In addition to six Filipinos, the casualties included one U.S. and one Canadian citizen.
Children will soon be able to receive the Pfizer vaccines. No limitations apply when travelling to Czechia for a day. More news in June 1, 2021 digest.
The widow of Czech billionaire Petr Kellner has been listed as the largest shareholder of telecoms firm O2 Czech Republic and MONETA Money Bank, regulatory filings showed on Tuesday, amid ongoing inheritance proceedings.