Via Chem Group

Via Chem Group, a.s.
Founded 2002[1]
Headquarters České Budějovice, Czech Republic[1]
Key people
 Petr Sisák[2][3][4]
Total assets Decrease 687 mio. CZK (2012)[5]
Total equity Decrease -543 mio. CZK (2012)[5]
Parent Euro Capital Alliance[5]
Subsidiaries STZ Development[6]

Via Chem Group, a.s. (VCG) is a Czech holding company owned by Euro Capital Alliance registered on the British Virgin Islands.[5][1] In 2003 VCG acquired 8.8 % stake in chemical producer Spolek pro chemickou a hutní výrobu (Spolchemie).[7] In 2005 VCG acquired further 39 % of Spolchemie shares and in early 2006 increased its stake to 62.6 %.[8] Spolchemie is a major Czech producer of chlorine.

In 2008 VCG acquired selected assets of SETUZA and got approval of a bond issue amounting to CZK 1.2 bn payable on 1 October 2013.[9] The number of employees increased to 1,442.[10] In 2009 VCG sold a part of acquired SETUZA assets to Archer Daniels Midland[11] and in 2011 another part to Glencore.[12] In 2012 VCG acquired bankrupt Slovak company Novácke chemické závody (NCZ).[13][14] Part of NCZ assets is leased to Energochemica.[15]

Via Chem Group failed to pay the bonds on 1 October 2013 and was declared insolvent.[16]

References

  1. 1 2 3 Commercial register at justice.cz, IČ 26694590, Via Chem Group, a.s.
  2. ↑ Jan Žižka, François Vleugels: Po nástupu biopaliv Česku stačí jediná rafinerie, E15, 20 June 2011, "Petr Sisák mne jako majoritní vlastník Via Chemu podporoval" (literally "Petr Sisák supported me as a majority owner of Via Chem"), François Vleugels said in the interview
  3. ↑ Jakub Hein, The Invisible Businessman, Mediacentar, 24 March 2015
  4. ↑ Prague Post, Two Via Chem Group case suspects report to police, 20 January 2016, quot. "Petr Sisák and Ivo Hala have been accused in a case that involves insolvency fraud, harming of creditors and influencing of judges."
  5. 1 2 3 4 Annual report of Via Chem Group for 2012, auditor BENE FACTUM, a.s.
  6. ↑ Consolidated accounting statements of Spolek pro chemickou a hutní výrobu for 2013, page 75
  7. ↑ Accounting statements of Via Chem Group for 2003, auditor Rudolf Hanusek
  8. ↑ Accounting statements of Via Chem Group for 2005, auditor Rudolf Hanusek
  9. ↑ Emisné podmienky dlhopisov Via Chem Group, a.s., ISIN SK4120006289 séria 01, 12,000 bonds with nominal value CZK 100,000
  10. ↑ Annual report of Via Chem Group for 2008, auditor VGD - AUDIT, s.r.o., page 54
  11. ↑ Annual report of STZ Development, a.s. for 2009, auditor VGD - AUDIT, s.r.o.
  12. ↑ Annual report of STZ Development, a.s. for 2011, auditor BENE FACTUM a.s.
  13. ↑ Accounting statements of Via Chem Slovakia, a.s. for 2012, auditor BENE FACTUM a.s.
  14. ↑ European Commission, State aid: Commission orders recovery of incompatible Slovak state aid from NCHZ and Fortischem, 15 October 2014
  15. ↑ Annual report of ENERGOCHEMICA SE for 2012, auditor Mazars Audit s.r.o.
  16. ↑ Insolvency register at justice.cz, KSCB 28 INS 1350 / 2014, document A26
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