Poldi Steelworks auctioned off to anonymous bidder

30-08-2018

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.