CEFC buying spree

PRAGUE: China’s sixth largest private company, CEFC, added to a weeklong buying spree in the Czech Republic on Saturday, announcing deals to buy a majority stake in a top brewery group and a share in an airline company in the central European country.

The Czechs have sought more investment ties with the world’s second largest economy.

This week President Milos Zeman was the only western leader to attend a massive military parade to mark the end of World War II in Beijing. CEFC, which counts energy and financial services as its core businesses, had already announced a series of deals, including taking a majority in Slavia Prague, one of the oldest Czech soccer clubs.