Penta Private Equity Group finally acquired AERO Vodochody a.s. after the Czech Office for the Protection of Competition has approved the transaction. "The merger will not harm competition," the Office said.
Restructuring of the Aero plant will begin immediately. A plan prepared by Penta is based on the following priorities: firstly, development and production of aircrafts and aircraft components within cooperation projects, secondly, construction of the airport Vodochody, and thirdly, cooperation with the Army of the CR. The Penta’s first step will consist in a complete capital restructuring of the company.
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