Czech Republic's Oktopus buys CZB assets

7 January 2006

According to the CTK news agency's Business News, the Czech company Oktopus purchased the assets of the bankrupt CZB (formerly Strojosvit - F. CZ) at an auction in late November. CZB were the only producer of tanning machines in the Czech Republic. The price paid for the assets was said to be US$1.18 million) which was actually higher than the starting price. The report is unconfirmed.

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