BUSINESS IN SHORT

Accounts reopened for Doprastav

THE CONSTRUCTION company Doprastav averted bankruptcy thanks to a change in ownership, and it is up for sale again, the Sme daily wrote on June 11.

THE CONSTRUCTION company Doprastav averted bankruptcy thanks to a change in ownership, and it is up for sale again, the Sme daily wrote on June 11.

Doprastav, which is responsible for construction of part of the state-financed D1 highway, regained access to its accounts at the banks which froze 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.

The serious financial situation in the company prompted the original shareholders of the firm to return. After Ivan Šesták and Dušan Mráz regained control of Doprastav, the banks relented. However, the company remains on close watch by the banks, particularly due to its losses in Poland. The owners are currently seeking a new investor, Sme wrote. The banks have refused to publicise details about the freezing and unfreezing of Doprastav’s accounts.

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