RFE building's likely new owner is Lhotak

by   CIJ iDesk I
2020-01-24   09:08

The sale of the Radio Free Europe building is nearing completion, with Hospodářské noviny reporting that the likely new owner is the Czech business mogul Tomáš Lhotak. The building was put on sale following the collapse of the company that owned it, L88. The daily reports that two bids were received for the building, but that neither fufilled the conditions of the sale. This tipped the scales in favor of Wedomwill Liberty, whose offer of CZK 2.9bn was part of the reorganization plan for L88. HN writes that the company collapsed following a protracted legal battle with the real estate group CPI. Lhotak is a specialist in restructuring troubled companies.