PPF Group and MCA have executed a composition agreement
PPF Group and Miloš Červenka’s MCA have executed a composition agreement. Among other issues, the agreement includes settlement of liabilities and receivables that used to be the subject matter of a number of lingering disputes.
Both parties have also concluded a major real estate transaction.
As a result of the agreements, extensive land lots in Prague will be released for development projects involving more investment partners. The projects in the pipeline will generate the potential for improving the standards and conditions of living in and around the capital.