Falorni Tech Glass Melting Technology
Banner
Filtraglass

Zeleznobrodske Sklo: three competitors remain in bid

By the end of September, Finance Minister Pavel Mertlik is to present the Czech government with the results of the public tender for the state“s majority stake in Zeleznobrodske Sklo (ZBS).
Only thr…

By the end of September, Finance Minister Pavel Mertlik is to present the Czech government with the results of the public tender for the state“s majority stake in Zeleznobrodske Sklo (ZBS). Only three firms remain in contention for the shares, with the main criteria being not only price, which cannot fall below 240 million crowns, but also business objectives. While the National Property Fund (FNM), which owns an 89.36% stake in the company, has not publicly named the three firms in competition, Jablonec nad Nisou-based Bijou Terra has officially confirmed that it is one of the interested parties. ZBS chief executive Jaroslav Silhan said the new majority shareholder will find the company, whose output includes glass beads used for costume jewellery, in a healthy state. It has no long-term bank loans and investments financed from its owns sources.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news