PPF, CPI and intrigue at the Supreme Audit Office

Quest for state-owned building fit to house the NKÚ has yet to bear fruit; will it pay Kč 1.1 billion for the Tokovo despite MPs’ concerns?

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Kateřina Menzelová | 07.06.2011

CZE

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PPF’s Kellner and CPI’s Vítek have a stake in where the Supreme Audit Office has its seat

The agreement between the Czech private equity group PPF controlled by billionaire Petr Kellner and developers CPI about the sale of seven of the real estate group’s companies may well influence negotiations over where the Supreme Audit Office (NKÚ) will be headquartered. The book value of the Tokovo building, including land, where it now sits is Kč 1.1 billion; many MPs say it’s a steep price to pay.

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