Vladimír Urbánek (Kurzy.cz)
Czech markets  |  February 22, 2013 11:32:36, updated

Shares Tatras lost during week 2/3 of its value and the new historic low - the automaker is facing execution

Shares Tatra during this week in the shop system RM-System lost more than two thirds of its previous value when the level of CZK 70 per piece fall to the current about 25 CZK per share, which is the absolute value of a new low, when it was surpassed So far the lowest rate at 27 CZK established at the end of 2001. Even at the beginning of this year, the price of the RMS stood at CZK 84 per share, at the beginning of January 2012, then about 120 CZK.

The strong decline this week is the fact that Kopřivnice face because of high debt since last October execution, which ordered its Resolution District Court in New Jičín. Authorized entity is a company Composite Com. Executor in the proceedings issued an order to sell car. According to available reports, the auction had a meeting scheduled for 15 March of this year.Sales price set executor is about 300 mil, auction security is 100 million and the lowest bid is around 200 mil According to the court order resulting from the announcement of the execution business manager Ivan Return.

A spokeswoman Tatras court stated that the responsible body therefore Composite Con confiscated the company pledge and can now proceed to the auction company. For the company itself but it does not bankrupt or insolvent or cease. This was confirmed by a media representative Composite Com, chosen procedure that wants only to satisfy their claims against the Tatra, but so that the car could operate, produce, and perform his other obligations. Zvelené quick solution should be of benefit for creditors and the company itself. Composite Com believes that the auction will bring in strong new car owner who will support the continuation of the brand.

The new owner of the Law assumes all liabilities associated with the company, employees and all contractual relationships.
Tatra since 2006 check 4 private investment in associated entities of Black River and represented the current CEO Ronald Adams. Black River holds 51% shares, 41% owned by Tatra Holdings and 8% is mei small shareholders.

According to available information Tatra last year produced 496 trucks, particularly within the defense procurement. Year-on-it was down by one-third, 447 cars went for export.
During last January's produced 28 new vehicles, which represents an annual growth of more than 100%.

Details of operations for the years 2012 and 2011 are not yet available, the 2010 car underwent a 158 mil compared to 700 million in 2009.

Detail of today and the historical development of shares Tatras visit HERE
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Akcie Tatry ztrácí během týdne 2/3 své hodnoty a jsou na novém historickém minimu - automobilka čelí exekuci

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