Euro: five investors interested in embattled Czech glass firms

20-10-2008

Five investors have already shown an interest in the embattled Czech glassmakers Crystalex Nový Bor and Kavalier Sázava, the magazine Euro reported on Monday. The two firms both currently belong to Bohemia Crystalex Trading, which is on the brink of bankruptcy and therefore selling off assets. The possible buyers include Germany’s Schott, Indian-American firm Borosil and three investment funds, Euro writes. The biggest interest is said to be for Kavalier, as this firm produces glass for solar panels. Bohemia Crystalex Trading has attributed its dire financial situation to a slump in interest and the strength of the crown hurting exports.