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Have defined a choice of "Volkswagen" as the strategic buyer
"it" has agreed to pay 500 million DM (340 million US dollars)
For acquisition of 31 % of the capital "Shkody" that after additional injection on
350 million DM in 1993 and 1995 has increased to 70 %. Besides,
"it" has agreed to pay to the government of Czechoslovakia within the limits of three tranches
200 million DM more and thus to pay a part belonging to it
Actions. In addition to it "it" was obliged to raise volume of release of the automobile
Cars "it" with 200 000 to 450 000 by 2000 and to exercise administration
"it" as the separate company entering into group of the automobile
Manufacturers "Volkswagen": "it", "Audi", "it" and "Shkodu".
The share of the state at a rate of 30 % will be sold in due course in a kind
Not voting actions or through system of coupons, or within the limits of the initial
Offers of actions (it). The government was obliged to operate the state
Actions (at first making a controlling stock, but then turned in
Management of the company. For this purpose the holding company has been created
"it", accountable to National fund of property.
In 1993 "it", within the limits of the general strategy of reduction of costs and excessive
Investments into Germany and abroad, has taken measures on reduction of the
Investment plans in the relation "Shkody". "it" declared that
Prospective volume of investments in "Shkodu" till the end of current decade
It will be reduced twice, i.e. from 8,2 billion to 3,7 billion DM.
The planned expansion of manufacture is subject to reduction with 450 000 to
300 000 cars. After long negotiations between the government
And firm "Volkswagen" the government has agreed on it and has resolved to firm
To increase a share of the participation in "Shkode" to 60 % (in December, 1994). Year
Later "it" has finished a share of the participation to 70 %. It has allowed to lift
Motor industry of Czechia on world level and to remove the social
Intensity in the country.
Summing up to the above-stated, we will notice that at the expense of privatisation as
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