Tatra has a new owner, auctioned for 176 million crowns
Chairman Truck Development Marek Galvas speaks with the media after the auction in ChebPhoto: ČTK
Legendary truck manufacturer, Kopřivnice Tatra, bought at auction only bidder, Ostrava Truck Development Company, which was created just for this purpose. Tatras became the owner for 176 million crowns. Value car while reaching more than 1.7 billion. But debts exceed 1.5 billion.
Auction Kopřivnice Tatras, which provides work for 1600 employees, took place today at the headquarters office of executor in Cheb.Chairman Truck Development Marek Galvas Czech Radio has confirmed that the traditional automaker wants to develop and no significant layoffs planned.
“Our intention is to stabilize the Tatra, operate, develop and settle the obligations on the production and operation of the car. Company wants to take over Monday and Tuesday, and begin to actively dealt with, “said Galvas. Management Tatras but will need to be replaced, he said.
Company Truck Development was based only on 8 March and in accordance with the Commercial Register has ties to the group J & T.Truck Development Company based in the center of Ostrava, in the newly renovated cafe Elektra. The building includes a strong financial group J & T and their representatives Czech Radio has confirmed that the new owner Tatras office provides.
Cheb executor OfficePhoto: Zdenek Trnka
Tatra spokesman Vladimir Bystrov is the result of today’s auction for the company some relief. “It’s the end of a long period of uncertainty, after which we hope will continue again normal production, supply customers,” he said.
He pointed out that management Tatras before auction in contact with Truck Development was not. “Even before the auction, nor yet, according to my information from the CEO, by this time the contact was not established,” he added Bystrov.
The auction raised Composite Com company that owes Tatra 650 million. The company wants to satisfy their claims to the car and get a new strong owner.
Just before the auction, but the situation was tense around the car. Severočeská property management filed for insolvency, which would abolish the auction. But Ostrava Regional Court dismissed the petition.