UPDATE 1-Czech Pegas owner aims to sell $156 mln stake

...percent stake in Czech artificial textile 
maker Pegas Nonwovens , Pegas said on Wednesday. 
    Pamplona Capital Partners is the main shareholder in Pegas 
and its stake is about $156 million at current market prices. 
    By market share, Pegas is Europe's number-two fabrics 
supplier to makers of hygiene products such as nappies. 
    Polish floor coverings and textiles manufacturer Lentex 
 said in mid-May it might be interested in taking over 
Pegas, the smallest Czech blue-chip stock with market 
capitalisation of $361 million. 
    Pamplona took Pegas public in December last year and agreed 
not to sell its stake before June 18. 
    Pegas said Pamplona picked ING as an adviser for the sale. 
    Shares in Pegas, which Erste Bank downgraded to 'hold' from 
'accumulate', opened 1.8 percent lower at 810 crowns, 
underperforming a 0.1 percent gain in the Prague bourse's 
blue-chip PX index .  
    The stock hit a record 848 crowns on June 27.