Babis’ decision opens the way for two coalitions of five parties that have won a majority in the vote to rule.

Czech Prime Minister Andrej Babis said he wouldn’t accept an offer to try to create a new government after his centrist ANO political movement narrowly lost in the parliamentary election last week and was ready to end up in opposition, AP reports from Prague.

Babis announced his decision in an interview for the Frekvence 1 radio station on Friday. “We’ll hand it over to the new coalition and we’ll be in opposition,” the populist billionaire said. Babis’ decision opens the way for two coalitions of five parties that have won a majority in the vote to rule.

A liberal-conservative, three-party coalition named Together captured 27.8% of the vote on Saturday, beating Babis’ ANO (YES) party, which won 27.1%. A center-left liberal coalition received 15.6% to finish third.

The two coalitions have pledged to govern jointly. They’re closer to the European Union mainstream than Euroskeptic Babis.

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