Colt CZ and Eurenco interested in Explosia, Hospodářské noviny reports

Czech arms maker Colt CZ Group and French explosives producer Eurenco are interested in acquiring the state-owned explosives company Explosia, daily Hospodářské noviny reported on Thursday. The paper quoted Jan Kadaník, chairman of Synthesia Nitrocellulose, in which Colt CZ holds a majority stake, as saying the companies had agreed on a joint approach that could lead to closer cooperation or a three-way merger. Prime Minister Andrej Babiš said last week the government was considering selling Explosia.