CPI Property Group is offering the publishing firm Mlada fronta emergency financing to save it from bankruptcy. The publisher of several Czech magazines including Euro had asked for court protection from its creditors following. “The fact that we managed to get two offers at relatively high interest rates demonstrates that the market shares our faith in the health and viability of the firm,” said its general director Jan Mašek. “We’ll now negotiate intensively. Our absolute priority is to maintain the functioning of the company. The other company to have made a bid to save the company is Czechoslovak Group. Mlada fronta came under pressure after two creditors filed insolvency motions. Its bank then called in its operational loan, placing the company in crisis mode.
