Billionaire Andrej Babis’s populist ANO party has taken a commanding lead in the Czech Republic’s parliamentary election, but is on track to fall short of a majority.

With ballots from more than 97 percent of polling stations counted on Saturday, ANO had 35 percent of the vote, according to the Czech Statistical Office. Prime Minister Petr Fiala’s centre-right Spolu (Together) alliance trailed with 23 percent.

Shortly after the preliminary results were announced, Fiala conceded defeat and offered congratulations to Babis.

Turnout reached 68 percent, the highest since 1998, with more than 4,400 candidates and 26 parties competing for seats in the 200-member lower house.

President Petr Pavel, who holds the power to appoint the next prime minister, is expected to open coalition talks with

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