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(https://www.euro.cz/byznys/jak-bakala-k-dolum-prisel-1420652 15th Sep 2018. Bakala paid only 7.4 billion CZK for 100% of OKD!. And not what most of the Czech media and politicians are falsely claiming that the Czech state lost 5.7 billion in its minority shareholding sale in 2004 . The prosecutor claimed of OKD being valued at 9.8 billion is NOT correct!.
Because Bakala bought OKD through his company Charles Capital.
“According to Charles Capital's financial statement for 2004, the purchase price was only 4.01 billion (czk) crowns to buy OKD, which is a little less than Karbon Invest had paid a few month’s earlier from the Czech state in 2004 privatisation sale of its remaining 45.88% minority shareholding to Viktor Koláček and Petr Otava.
Viktor Koláček and Petr Otava sold OKD at a LOSS to Bakala it's a fact!.
Czech Republic prosecutor proclaiming Czech state lost 5. 7 billion czk. Its not possible when thermal coal at the time in Czech Government documents quote thermal coal prices around $26.75 and coking coal around $50-$60 . Note the current 29th September 2018 pricing of thermal coal is $101+ and coking coal around $200+!.
So it seems it's now a fact that the Czech government got 55.4% of value of what Bakala paid for the whole (100%) OKD which is 7.4 billion czk.
Which is all the evidence and is indisputable in any reasonable Court on this Planet.
That the Czech Republic in 2004 privatisation sale of OKD sold it's remaining minority 45.88% shareholding in OKD and received at or above market prices that was 4.1 billion czk and is proof and a fact that can not be changed.
