Spectator on facebook

Spectator on facebook

Large Slovak holding company to be formed

The owner of the investment group Istrokapitál, Mario Hoffman, businessmen from Slavia Capital, Peter Gabalec and Martin Kvietik, and representatives of Sitno Holding owned by former economy minister Ľudovít Černák will establish a joint holding of eight companies with basic capital of €100 million, the Hospodárske Noviny daily reported.

The owner of the investment group Istrokapitál, Mario Hoffman, businessmen from Slavia Capital, Peter Gabalec and Martin Kvietik, and representatives of Sitno Holding owned by former economy minister Ľudovít Černák will establish a joint holding of eight companies with basic capital of €100 million, the Hospodárske Noviny daily reported.

“We will found a group which will become Slovakia’s number one in the traditional engineering market,” said Ľudovít Černák, as quoted by the daily.

The main goal of the holding company, composed of companies such as Chemstroj, PPS Group, Way Industries, Trens and MetalurgSteel, will be to use synergic effects to avoid negative effects of a possible economic recession.

Source: Hospodárske Noviny

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

Top stories

Gilden: Take the negative and make a positive from it Photo

The works of New York native, photographer Bruce Gilden, who has worked for five decades in the streets of the biggest cities, are on exhibit in the Kunsthalle (House of Arts) in Bratislava.

Bruce Gilden: Feast of San Gennero, Little Italy, 1984.

The ongoing struggle for a free and democratic Slovakia

The people of Slovakia deserve the credit for the remarkable progress that this country has made over the past twenty-five years, US ambassador writes.

Illustrative stock photo

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 24 and December 3, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Christmas Markets Bratislava

Robert Fico has lost the electoral magic he once had Plus

But his party can still bounce back if they do the things that make parties resilient.

Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.