PRAGUE, June 2 Czech financial group PPF said it
would not push for a delisting of Czech Telefonica shares
from the Czech markets after it acquired a majority
"The offerer does not intend to actively push for delisting
the company from trading on the regulated markets of the Czech
Republic," PPF said in the mandatory offer for minority
shareholders on Monday.
PPF said its offer to buy out minority shareholders is valid
until June 30, and it confirmed the price at 295.15 Czech crowns
($14.65) per share, the mandatory offer showed.
PPF purchased a 65.9 percent stake in the Czech telecoms
company from Spain's Telefonica in January.
($1 = 20.1520 Czech Korunas)
(Reporting by Robert Muller; editing by Jane Baird)