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 PM at centre of new scandal over his son’s shocking revelations
PM's son claims he was forcibly detained in Crimea by his father’s associates
Czech folk artist’s award from Vladimir Putin sparks controversy
Camera traps shed new light on wildcat presence in Czech Republic
Czech PM at security conference: We need to speak more about Schengen, less about the euro