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Article: Possible Russia joint venture by used-car dealer AAA Auto, Czech equity PPF 'positive' - analysts.
- Article from:
- Czech Business News
- Article date:
- February 13, 2008
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Possible Russia joint venture by used-car dealer AAA Auto, Czech equity PPF 'positive' - analysts
PRAGUE. FEBRUARY 13. INTERFAX CENTRAL EUROPE - Prague-listed AAA Auto's parent company Auto Group N.V. is seeking to form a joint venture with Czech privately-owned PPF Group aimed at helping the used-car dealer expand operations to the Russian market, a move analysts said Wednesday was positive.
"PPF's subsidiary Home Credit would provide consumer financing for cars bought from AAA Auto," Atlantik FT analyst Milan Vanicek said. "Negotiations also relate to the Czech Republic and Slovakia. This cooperation could be useful for both parties."
PPF's ...