CPI owner Vítek offers CZK 4bn for all Czech railway stations
Published at: 2016-03-24 10:42 | Author: CIJ Journal
Radovan Vítek, the owner of CPI Property Group announced a plan to buy all of the railway stations in the Czech Republic. The state owned Czech Railways had planned to sell to the stations to another state owned company, the railway operator SŽDC. Vítek has offered to pay CZK 4bn for the assets, which is CZK 800m more than the price offered by SŽDC. The CZK 3.2bn price tag was based on PwC valuation that has come in for criticism as being too low. Prague’s recently reconstructed main train station was valued at CZK 200m, including the contract with its current operator Grandi Stazioni. The server indes.cz writes that the sale of the railway stations has become a political issue as well since it involves key transport hubs for the country, and some politicians are opposing their sale to a private entity.
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