Bopo becomes bankrupt
Article Abstract:
Bopo (Trebic, Czech Republic), shoe company, has been unprofitable since 1997. The firm's cumulative loss was nearly 636 mil Kc at the end of September 1999, more than a half of its stock. The company's stock is 863 mil Kc. Reasons for the firm's unprofitability are the drop of domestic sales and the breaking of the Russian market. The firm with a capacity of 10 mil pairs per year will produce only 900,000 pairs in 1999. Its production will decrease further. Bopo did not arrange any profitable contract. That is why its management has presented a petition for bankruptcy proceedings. >TB Bopo (Trebic, Czech Republic), shoe company, economic indices, in mil Kc Year 1995 1996 1997 1998 Jan-Sep 1999 --------------------------------------------------------- PrProceeds 880.0 1,036.4 839.4 507.8 190.0 Profit 1.7 5.1 -246.8 -298.0 -96.0 Source: Bopo >TE
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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Fight for PVAK becomes sharper
Article Abstract:
Prazske vodovody a kanalizace (PVAK) (Prague, Czech Republic), water firm, is expecting to have a 66% stake acquired by a new shareholder in 2000. The bidders who have moved on to another stage of the tender for the stake are Vivendi Water (VW) (France) and Anglian Water (AW) (UK). Both the firms have set up a consortium and will act together during further steps to acquire the stake in PVAK. VW and AW, which have 2 mil Czech consumers through their stakes in Czech water firms, would win another 1.3 mil clients if they succeeded in the tender.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 2000
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Prag Real Vysocany goes bankrupt
Article Abstract:
Prag Real Vysocany (PRV) (Prague, Czech Republic), real-estate management company, has gone into bankruptcy proceedings. The bankruptcy was proposed by Konsolidacni banka (Prague, Czech Republic) and Komercni banka (Prague, Czech Republic). PRV has total debts of 576 mil Kc towards the firms. Besides, PRV has another about 100 creditors. The company saw a loss of 71 mil Kc in 1998. The number of the employees of PRV, formerly Praga (Prague, Czech Republic), has decreased to the current 20 compared to 750 persons in 1997.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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