CPI PG is increasing its pressure on state owned Czech Railways (ČD) to sell it a portfolio of 1,500 railway stations. ČD announced last week that it intended to sell the railway assets to another state owned entity, Správa železniční dopravní cesty (SŽDC). CPI PG’s major shareholder Radovan Vítek, argues that he’s offered a higher price: while SŽDC is willing to pay CZK 3.3bn for the portfolio, Vítek’s offer is for CZK 4bn. Vítek has acquired some of ČD’s debt and is using this to increase pressure on the railway company by threatening to sue the company as a creditor.
