Liberty transfers Czech funds

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Liberty transfers Czech funds
August 1, 2012 11.00 Europe/London By Chris Dziadul

Liberty Global has reduced the capital held in the Czech division of Chello Central Europe.

Quoting a company document, E15 says the transfer amounts to CZK110 million (€4.35 million), leaving the division with capital of CZK18 million.

This will be the second time in a matter of weeks that Liberty has transferred Czech capital, the first being when it absorbed the company CPS.

Chello Central Europe posted sales of CZK290 million and a profit of CZK17 million last year in the Czech Republic.
 
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