The acquisition of Wood & Company approved

The Czech Central Bank has approved the acquisition of the 50% stake in Wood & Company, the leading independent investment house in Central Europe.  

The purchase was made subject to the approval of the Czech Central Bank. The sale was settled in cash with a significant portion in Straumur stock. The price is not disclosed, since the financial effects are insignificant.  

About Wood & Company
Wood & Company is a leading independent Central European investment banking house which offers a full range of equities brokerage services, investment banking and corporate finance services. Its services includes large-scale privatisations, initial public offerings, capital markets transactions, mergers and acquisitions, fund raising and corporate advisory to foreign corporate clients, and domestic issuers and institutions. Wood & Company, which has its headquarters in Prague and presence in Slovakia and Poland, has a staff of 70 and is a member of the Prague, Vienna, Frankfurt, Warsaw, Bucharest, Ljubljana, and Budapest Stock Exchanges.