PPS Detva owners disclosed

Vladimír Rybovič, the receiver in bankrupt engineering company PPS Detva Holding, ceremonially presented the key of the company to representatives of its new owners, Sitno Holding and Odien/Sevis, news wire SITA reported.

Sitno Holding owner Ludovít Černák served as the country's economy minister in the years of 1992-93 and 1998-2000.

Banská Bystrica Regional Court declared PPS Detva Holding bankrupt in May 2002. The situation surrounding the company sharpened in late June 2003 when trade unionists held a blockade of the Zvolen-Lučenec road at Detva and requested that creditors agree with the sale of the company to Sitno Holding and Odien/Sevis.

In late June, the biggest creditors, health insurer Všeobecná zdravotná Poisťovňa, bailout agency Slovenská konsolidačná, social security provider Sociálna poisťovna, and the National Labour Office, recommended the sale, selecting the bid by Sitno Holding and Odien/Sevis as the best.

Afterwards, in early July, Banska Bystrica Regional Court granted the bankruptcy receiver consent to sell the company. Sitno Holding signed the acquisition contract on July 6. It paid Sk150 million for the company.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

News digest: Minister adjusts vaccine expectations, mass testing decision still in the balance

Police investigate reported surveillance of journalist. Wolf will be protected all year long.

Mass testing for the coronavirus in the Nitra Synagogue.

Roundup: Fairytale app that makes children read

An award-winning design by a Slovak architect and a trip to Zádielska dolina valley. Here’s your latest roundup.

A man wearing a face covering sits in an armchair on the snow-covered Main Street in Košice on January 13, 2021.

More tips for outings in Bratislava during the lockdown

Walks along the Danube bank offer a feeling of being far from the city rush.

This place, part of Ovsištské Lúky (Ovsište Meadows) in Petržalka, is still Bratislava.