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Media: Colt CZ is favourite among domestic bidders for Czech explosives maker Explosia, Hospodarske Noviny reports

MEDIA-Colt CZ is favourite among domestic bidders for Czech explosives maker Explosia, Hospodarske Noviny reports

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** Czech gunmaker Colt CZ Group COLT.PR is seen as the favourite among domestic bidders for explosives maker Explosia and has agreed a joint approach with French group Eurenco, daily Hospodarske Noviny reports, citing Jan Kadanik, chairman of Colt CZ's subsidiary Synthesia Nitrocellulose.


** Czech Prime Minister Andrej Babis said last week the government may sell the state firm Explosia and possibly use proceeds for military investment.


-- Source link: https://archiv.hn.cz/c1-67882920-vysoka-hra-o-explosii-jeden-cesky-zbrojar-je-uz-domluveny-s-francouzi-a-v-cem-vstup-investora-dava-smysl


-- Note: Reuters has not verified this story and does not vouch for its accuracy



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

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