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MEI to leave consortium controlling Czech IT firm PVT --press.

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| August 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Czech News Agency)

PRAGUE, Aug 1 (CTK) - Middle European Investment (MEI), which together with J&T and Poland's Prokom bought more than 90 per cent of Czech software company PVT for Kc1.5bn last year, will leave the consortium controlling PVT, weekly Euro reports in its latest issue due out on Monday.

Prior to the move, MEI will probably acquire 27 PVT-owned buildings of a book value exceeding Kc500m, which should be approved by PVT's extraordinary general meeting on August 10.

The buildings account for 80 per cent of the real estate portfolio managed by the said company, J&T Investment ...

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