CHEMICAL producer Duslo Sala, a subsidiary of employee-owned joint stock company Prezam, is facing a hostile takeover by Agrofert, a Czech group owned by Slovak businessman Andrej Babis.
Agrofert has been contacting Prezam shareholders and offering them Sk71,508 (€1,788) per share, the SITA news agency has reported.
Agrofert told the SME daily that it was currently negotiating with Duslo director, Jozef Kollar, to buy his shares. Agrofert wants 100 percent of Duslo.
Duslo produces industrial fertilizers, rubber industry chemicals and pesticides. Last year, the company's sales reached Sk8.2 billion (€205 million).
Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
15. Oct 2004 at 12:52