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Pilsen Steel was bought by the German company Max Aicher

Together with the plant, about 40 Pilsen Steel employees, who remained in the company out of the original 525 people, change to a new owner. The others left at the beginning of this year by agreement or had their resignations.

The Max Aicher Group is a family business founded in 1924 in Freilassing in southern Germany. Its annual turnover is around one billion euros a year, said Brož. The group operates in the steel, environment, construction, real estate and tourism industries. In the Czech Republic, Max Aicher has had business activities at the Annahutte ironworks in Prostějov since 1993, and also operates in the waste industry and also in logistics in Pilsen.

The sale of a Pilsen company directly without an auction was halved in February by the Regional Court in Pilsen on the highest bid on the basis of a tender conducted by an insolvency administrator. According to Brož, the whole sale was extremely fast.

The Pilsen Steel machine shops are sold, and the Russians have given the green light

Pilsen Steel has been in bankruptcy since last June 16. The first international offer was made by Brož in August. In a multi-round tender, he addressed strategic and financial investors from all over the world – for example, from the EU, America, China, Japan and Korea. In December he already had the highest offer, in mid-February Max Aicher paid a deposit, he paid the rest of the purchase price now.

Last June, 87 creditors filed for insolvency proceedings, stating that the company owed them 9.4 billion crowns. At that time, the administrator denied about 7.8 billion crowns, including receivables from the three largest creditors – Russian banks Vněšekonombanka, VEB Kapital and the International Investment Bank. Banks are sued for claims in incidental disputes. Vněšekonombanka and VEB Kapital also agreed with the sale of Pilsen Steel as the largest secured creditors. The brooch did not state to what extent the purchase price will cover the creditors’ claims.

The former smelters and forges of Škoda Plzeň were bought 20 years ago by the Russian engineering and metallurgical group OMZ, and since 2010 Russian entrepreneur Igor Šamis has owned a 100% business share in the company.

Pilsen Steelworks will lay off almost all employees

More than five applicants are applying for the bankrupt Pilsen Steel smelter.  Including foreign companies


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