Registered office:
027 53 Istebné

IČO(Company identity number):
31562094

Securities data

Share capital:
1 166 913 000,- Sk

ISIN:
CS0005056159

Nominal value:
1 000,- Sk

Oravské ferozliatinárske závody, a.s.

Description of the company

OFZ’s production program is focused on foundry production, especially iron alloys and derived products. It exports the major part of its production to the Czech Republic and West European countries, mainly Germany, Austria and Italy. The company has around 1,900 employees and it ranks among the twenty biggest exporters in Slovakia.

Year
1995 1996 1997
Turnover
3,807 mil Sk 3,907 bill. Sk 3.994 bill. Sk
Profit
-11 mil Sk -80 mil Sk -228 mil Sk

Acquisition

We executed this acquisition on behalf of the management of the company from October 1994 to May 1995. It took the form of purchases from small investors and a gradual concentration of shares from smaller domestic investors. We managed to buy a 13.3% stake in the company. Acquisition volume totalled 81 million SKK.