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Sme reports Trenčín court has approved sale of bankrupt NCHZ chemical firm

The regional court in Trenčín has reportedly approved the sale of bankrupt Novácke Chemické Závody (NCHZ) to a Czech company named Via Chem, the Sme daily reported on January 2.

The regional court in Trenčín has reportedly approved the sale of bankrupt Novácke Chemické Závody (NCHZ) to a Czech company named Via Chem, the Sme daily reported on January 2.

The court was asked to make a decision after creditors of NCHZ could not agree whether to sell the factory to Via Chem, which offered €2.2 million, or to businessman Miroslav Remeta, who offered €2 million. Neither potential purchaser promised to maintain the jobs of about 1,500 people who currently work for NCHZ.

Via Chem, owned by businessman Vladimír Sisák, operates one chemical factory in Ústí nad Labem and also owns one-quarter of the Czech football team Slávia Praha, Sme wrote, adding that Sisák also reportedly does business in the arms industry.

Source: Sme

Compiled by Radka Minarechová from press reports
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