17 December 1998: Czech bank IPB a.s. said it had signed syndicated financing of Kcs 3.45 billion for the private glass firms, Bohemia Crystalex Trading, Sklo Bohemia and Sklarny Kavalier.
In a state…
17 December 1998: Czech bank IPB a.s. said it had signed syndicated financing of Kcs 3.45 billion for the private glass firms, Bohemia Crystalex Trading, Sklo Bohemia and Sklarny Kavalier. In a statement, it said the syndicated facility, arranged along with Citibank and Ceskoslovenska Obchodni Banka (CSOB), was intended for strategic acquisitions and operations of the glass manufacturers. Further details were not disclosed. The three companies are in the process of merging to create the largest glass group in the region.