The Slovak firm HTC Holding has won a tender for the Czech tractor maker Zetor, taking a 97.7 per cent share for 310 million Czech crowns ($9.13 million) and a promise to invest 300 million Czech crowns over five years. HTC beat out its only competitor in the tender, the Turkish Uzel Makina Sanayi, which had wanted greater Czech state guarantees. Zetor, which produced 3,500 tractors last years, has been struggling for the last decade since the disappearance of its communist-era markets.
Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
24. Apr 2002 at 9:39