Acquisitions are in the lead

Article Abstract:

Czech Republic: Direct foreign investments in the country should total about USD 4 bil in 2001. The investments should be on the same level in 2002 as in 2001. Foreign investments should be about USD 8 bil during 2001-2002. The sum includes all the current privatization processes, which should be completed by the government before the elections. The government plans to sell Komercni Banka, Ceske Radiokomunikace, Cesky Telecom, Tatra, Zetor and power companies. The majority of direct foreign investments for 1Q 2001 was realized in the form of acquisitions, mainly a stock increase in existing companies. The largest part of the finances went to three sectors. USD 318 mil went to trade and services, USD 96 mil to the wood-working, cork, paper production, publishing and press sector and USD 92 mil to the finance and insurance sector. Direct foreign investments represented 9.6% of Gross Domestic Product in 1999.

Government domestic functions, Telecommunications, Wired Telecommunications Carriers, Telephone Communication, Telephone Communications, Telephone communications, exc. radio, Telecommunications industry, Telephone services, Komercni Banka, Cesky Telecom A.S., Ceske radiokomunikace A.S.

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Another acquisition

Article Abstract:

ABN Amro Bank (Prague, Czech Republic), bank, should realize a merger of ABN Amro penzijni fond (ABM Amro PF) (Czech Republic) and Stavebni penzijni fond (SPF) (Czech Republic) by the end of 2001. It will be the third acquisition of a pension fund realized by ABN Amro Bank during a one-year period. ABN Amro PF, which has nearly 200,000 clients, is in the sixth position among pension funds in the Czech Republic. The fund's stock was CEK 114 mil and its assets exceeded CEK 2.6 bil at the beginning of 2001. SPF had nearly 12,000 active clients and controlled assets worth roughly CEK 300 mil in Jan 2001.

Netherlands, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, ABN AMRO Bank N.V. (Amsterdam, Netherlands)

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KoB arranges a contract with five health insurance firms

Article Abstract:

Konsolidacni banka (KoB) (Prague, Czech Republic), state financial institution, will purchase a part of the long-term receivables of health insurance firms. KoB will pay CEK 3.5 bil to the health insurance companies and will take over receivables worth a total of CEK 5.012 bil. The receivables are towards companies, which have debts for insurance. KoB arranged the contract with five insurance companies only. Other insurance companies will not receive governmental help.

Direct Health and Medical Insurance Carriers, Hospital and medical service plans, Medical Care Insurance, Health insurance, Konsolidacni Banka

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