Three companies will compete for the Czech state“s majority stake in the Zeleznobrodske sklo (ZBS) glassmaker. According to a recent report, one of the bidders is Bizutera, a joint venture of the Pre…
Three companies will compete for the Czech state“s majority stake in the Zeleznobrodske sklo (ZBS) glassmaker. According to a recent report, one of the bidders is Bizutera, a joint venture of the Preciosa, Ornela, and Bizuterie Ceska mincovna production companies. Jablonex, a Czech jewellery maker reputed to have been a hot candidate for the ZBS stake, is reportedly no longer interested. The National Property Fund (FNM) owns 89.36% of ZBS. Finance Minister Pavel Mertlik is to release the results of the tender by September 30, 2000. According to the terms set by the FNM, the price must be no lower than Kcs 240 million, and the winner must present a quality business plan. ZBS employs 1,183 people.