RPT-Czech car dealer AAA plans IPO in Prague, Budapest

29.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

(Repeats story published late on Tuesday)...

...

Czech used car dealer AAA Auto said on Tuesday it planned an initial public offering on the Prague and Budapest bourses.

The company gave no details but called a news conference for 0830 GMT on Wednesday to discuss the plan.

AAA is controlled by founder Anthony James Denny, an Australian born into a family of Czech immigrants. It claims to be the largest central European used car dealer.

The company has been growing around the region and now has 33 dealerships in the Czech Republic, Slovakia, Romania, Hungary and Poland.

It sold 61,939 cars last year and had revenue of 348.4 million euros.

The company had previously considered listings in Prague and Warsaw.

[PRAGUE/Reuters/Finance.cz]

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