Czech Telefonica takes EUR 32.8 mln from subsidiary

PRAGUE Fri Dec 13, 2013 11:23am EST

PRAGUE Dec 13 (Reuters) - Telefonica Czech Republic will take 32.8 million euros ($45.11 million) from accumulated profits at its Slovak subsidiary, the company said.

Czech investment group PPF agreed last month to take a majority stake in Telefonica CR from its Spanish parent Telefonica. ($1 = 0.7271 euros) (Reporting by Jan Lopatka)