Vitkovice sets out on search for new owner

摘要

A price tag of at least Czkr3bn (about 80m dollars) has been placed on Vitkovice Steel, Vitkovice ceo and chairman Vladimir Bail announced on December 14.Bail also revealed that an advisor for the sale, which Vitkovice hopes to complete in the first half of next year, will be chosen before the end of 2001. He said the winner would be a "renowned company", but declined to name any of the companies that have expressed interest in the post.Proceeds from the sale of Vitkovice Steel, a former division of Vitkovice which launched operations as an independent subsidiary during the summer, will be used to clear debts amounting to around Czkr2.4bn.