FNM will not support sale of bankrupt NCHZ

Slovakia’s state privatisation agency the National Property Fund (FNM), one of the creditors of the bankrupt chemical company Novácke Chemické Závody (NCHZ), will not support the company’s sale, it announced at a meeting of creditors on Wednesday, November 24.

Slovakia’s state privatisation agency the National Property Fund (FNM), one of the creditors of the bankrupt chemical company Novácke Chemické Závody (NCHZ), will not support the company’s sale, it announced at a meeting of creditors on Wednesday, November 24.

“The FNM adopted a decision that it would use all legal tools and available remedial procedures in the ongoing bankruptcy proceedings aimed at satisfying its claim to the maximum extent. In compliance with this decision, via its attorney at the creditors’ meeting, the FNM will vote against the approval of the €2-million offer that came out of the tender procedure,” Miloslav Homola said, the SITA newswire reported.

Source: SITA

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

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