Czech investment company PPF Arena 2 B.V. is seeking to raise its stake in O2 Czech Republic a.s. (SEP:TELEC) to more than 90% from 83.6% and aims to delist the shares from the Prague bourse, it said on June 23, 2021. “PPF aims to acquire a more than 90% stake in O2 CR and subsequently initiate a squeeze-out procedure of minority shareholders in O2 CR through a mandatory tender offer for their shares,” the group said. PPF will offer to buy the shares via a reverse bookbuilding process at a maximum price of 264 crowns per share. Shareholders will retain a right to a 2020 dividend and share premium payout.