Following almost a year of negotiations, Radovan V?tek's CPI group has completed a deal to acquire 19 office buildings in Prague and other Czech towns and cities from Czech billionaire Petr Kellner's PPF Group.

Analysts say the deal was facilitated by CPI transferring its receivables from the lottery firm Sazka to PPF Group, which has helped Kellner's PPF Group together with KKCG to the verge of taking over the bankrupt lottery firm, meant to finance Czech sport.

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CZECH REPUBLIC: CPI acquires 19 office buildings from PPF