Media: Colt CZ Group chief says Vista Outdoor stake long-term -Hospodarske Noviny

Colt CZ SE

03/01/2024 08:20

PRAGUE, Jan 3 (Reuters) - 
  
    
    ** Czech gunmaker Colt CZ Group  CZG.PR  views its stake of
just over 5% in U.S. sporting and outdoor products group Vista
Outdoor  VSTO.N  as long-term, Chief Executive Jan Drahota says
in interview with daily Hospodarske Noviny published on
Wednesday.
    
    ** "We are looking at this investment long-term," he says
when asked what Colt CZ and other company officials would do
with their acquired shares if a merger attempt falls through.
"We evaluated at a certain point that it makes sense for the
group to have shares there."
    
    -- Source link: https://archiv.hn.cz/c1-67279040-sellier-bellot-je-rodinne-stribro-spojeni-s-nimi-dava-smysl-s-vistou-uvidime-rika-sef-colt-cz
    
    -- Note: Reuters has not verified this story and does not
vouch for its accuracy
    

 ((jason.hovet@thomsonreuters.com;))