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ÁPV kick off Antenna sale

Yesterday?s board meeting of the State Privatisation and Holding Rt (ÁPV) decided to invite bids for a majority stake of 75% plus one vote in broadcaster Antenna Hungária Rt. ÁPV is looking for an investor whose goal is to foster Antenna?s development and consolidate its position in the market. The Antenna management is proposing to pay Ft 460 dividend per share from the 2004 profit. As the BBJ reported before, the Czech Ceské Radiokomunikace (CRa) and Spain?s Retevisión SA are ready to make a bid, and Télédiffusion de France SA is also believed to be interested in the tender.