TNBiz (TNBiz)
Czech markets  |  August 26, 2011 10:45:06

A bet is not yet interested, documentation for the sale, nobody not collected


PRAGUE (MEDIAFAX) - There is no potential buyer was curious about the basic documentation for the sale of lottery bets through Thursday, nearly a week after the start of the selection process, the materials still did not pick one. Mediafax Agency on Friday said a knowledgeable source.

Insolvency Administrator Joseph Sazka scurry announced a tender for the sale of lottery debt on Friday last week, bet manager sells one contract as a whole.

Those interested in the first stage just ask HKDW Legal Law Firm to provide basic documentation, no later than 21 day of the announcement of the selection process. According to knowledgeable sources have this documentation to Thursday still no entity not collected.

"This information will not comment at all," she told Reuters shortly Sazka spokeswoman Lenka Ticha.

Candidates have a bet on the pick-up of basic materials, only two weeks. No later than five weeks of invitations to tender for the insolvency administrator must submit a binding offer, including signing the purchase contract. Offered purchase price must be at the time the offer consists of the full amount for these purposes in specially designated blocked account.

"The winner of the tender should be known in less than six weeks," said Silent earlier. "Closed sales contract comes into effect when the winner selection process to gain approval of transfer of assets for the Office of Competition, or the EU competent authority, provided that the winner of the tender will be Czech entity," she added.

Candidates will have a bet in the tender deposit advance deposit of half a billion. "Conditions of the tender are completely transparent and contain no major restrictions beyond the Insolvency Act, which could eliminate any potential bidders a bet. The selection procedure can log all serious candidates from the Czech Republic and abroad. Sazku gets the who offers the highest price. No other criterion will be assessed, "said Still.

Sazka is in bankruptcy since 30 of May. This way of dealing with bankruptcy meeting of creditors to enforce KKCG and PPF. These were most after the court dismissed the claims which were not examined. Sazka faced insolvency proceedings from 17 January 2011, the bankruptcy court because of her multi-billion debts sent 29th of March.The court proceedings bet registered their claims over 2000 lenders.

Libor Popel, popela@mediafax.cz

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