Czech CTP to decide on fund float soon - CEO

20.09.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, Sept 20 (Reuters) - Property developer CTP Invest will decide in the coming weeks whether to float a real-estate fund on the Prague and...

...Amsterdam bourses, its chief executive said on Thursday.

"I can confirm that we are fully prepared," Chief Executive and partner Remon Vos said.

"The final decision will be taken in the following weeks," he told Reuters, adding there has been no ruling on the size of the issue.

CTP Invest, privately-owned firm with assets in the Czech Republic, set up the CTP Property fund with assets of 903.7 million euros in April, with the target to raise the assets to 1.7 billion by mid-2009.

A company spokesman said the decision hinged on the situation on global markets.

"We are waiting and evaluating the situation on capital and real estate markets, but a decision will not be made before the end of September," said Vladimir Bystrov.

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