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Sme: Doprastav regains access to accounts, can continue operating

The Doprastav company averted bankruptcy thanks to a change in ownership and it is up for sale again, the Sme daily wrote in its Tuesday, June 11 issue.

The Doprastav company averted bankruptcy thanks to a change in ownership and it is up for sale again, the Sme daily wrote in its Tuesday, June 11 issue.

Sme also informed that the construction company, which is responsible for construction of part of the state-financed D1 highway, regained access to its accounts by the banks that blocked them in early June, when the company was taken over by businessman František Hodorovský. Hodorovský, who is connected with the bankruptcy of the Slovenská kreditná banka in 1990s, was considered to be less trustworthy, according to Sme.

After original owners Ivan Šesták and Dušan Mráz regained the company, the banks renewed their trust. However, the risk for the banks remains, especially due to the company's losses in Poland. Currently, the owners are seeking a new investor, Sme wrote. The banks refuse to publicise the details about the freezing and unfreezing of Doprastav’s accounts.

(Source: Sme)
Compiled by Zuzana Vilikovská from press reports
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