The bankrupt Poldi Steelworks was auctioned off for a third time on Thursday, to an anonymous bidder for 256 million crowns.
The minimum bid was set at 160 million crowns with the estimated value of Poldi’s assets given as 180 million crowns.
The first two auctions that took place earlier this year fell through after the bidders failed to pay the bid amount within the set time limit.
The former jewel of Czech steel-making, has been in insolvency since last December.
Czech Easter traditions explained
Czechs offer restoration experts to help France rebuild Notre-Dame cathedral
“We will remember them”: Trevor Sage, the Englishman cleaning Prague’s Holocaust memorial plaques
The Czech “koruna” celebrates 100th birthday
Czech “breastfeeding guerrilla” mums stage “feed-ins” over incident at Austrian bank