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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
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