Spectator on facebook

Spectator on facebook

CORPORATE BRIEFS

Trafigura BV Ltd wins lease contract for Kovohuty Krompachy

Swiss oil and metal traders Trafigura BV Ltd. was announced on July 22 as the winner of a tender to lease the property of Slovakia's ailing copper producer, Kovohuty Krompachy. From the original five bidders, only three took part in the final tender, which was called by state bank VÚB.

Kovohuty Krompachy was declared bankrupt, and a receiver appointed, at the beginning of this year.

According to available information, Trafigura BV Ltd. will now take over part of the company's employees, while the lease contract gives the Swiss investor the pre-emptive right to buy the whole company.

Kovohuty Krompachy got into difficulties last year when world copper prices dropped to their lowest levels in recent memory. The firm became deeply indebted to the VÚB bank, and at the beginning of 1999, VÚB took control of the company by calling in its loans and forcing Krompachy to forfeit the shares it had provided as collateral.

Top stories

Man who abducted the president’s son speaks out

The testimony of the former secret service agent could be of importance in a court process against the ex-spy boss.

Former SIS director Ivan Lexa

Press freedom is bleeding across our borders

Critical media are always the first targets of populists and press freedom enemies.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký