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Authorities of Russian Republic of Tatarstan intend to privatize Czech hotel

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Authorities of Russian Republic of Tatarstan intend to privatize Czech hotel

Republic of Tatarstan, Russia, has included Czech Hotel Ulrika s.r.o in a forecast plan for property privatization in 2016, says the statement released by the Republic’s government.  

According to the information published on the hotel website, the 4-stars hotel is located in Karlovy Vary.

At present, Ministry of Land and Property Regulations of Tatarstan owns 100% of the company. Meanwhile, it’s planned to privatized the whole stock of shares.

The shares are planned to be privatized by means of their realization in a public sale or inclusion in shareholders’ equities of joint-stock companies. Privatization is carried out with the purpose to attract investments in industrial and innovation structures, optimize the structure of state property and generate budgetary incomes”.

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