Envelopes Opened in Tender for NCHZ Chemical Plant

The offers of two companies in the tender on the sale of bankrupt chemicals plant NCHZ in Novaky were opened yesterday by the Creditors’ board and the bankruptcy trustee.

What future awaits the NCHZ plant?

The offered sums are not known, but the winner is clear as the two bids differed. Both companies will be notified about the outcome within 10 days. The floor bid was set at a symbolic EUR 2 million and neither company gave a commitment to keep the plant in operation, NCHZ spokeswoman Anna Vojtekova told TASR.

In September it was announced that the two companies were Slovak company M-Energo of businessman Miroslav Remata, which made a bid of EUR 2 million for the massive plant back in November 2010. The company apparently has ties with financial group J&T.

The other company is Spolchemie Slovakia of Czech-based Via Chem, which operates the chemical plant in the Czech town of Usti nad Labem.

NCHZ ran into financial difficulties back in 2009 after the European Commission slapped a EUR 19.6 million fine on it for suspicions of a cartel agreement. The 1,500 plus workers at the plant still fear for their future, especially as neither company gave a guarantee to keep the plant as an ongoing concern.

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