ING negotiates the purchase of a pension fund
Article Abstract:
ING Penzijni fond (ING PF) (Prague, Czech Republic), pension fund, should be strengthened and should become one of the three largest funds in the Czech Republic by 2003. It should be strengthened by the acquisition of a Czech pension fund. ING Group (Netherlands), financial group, which associates ING PF, is negotiating with Zemsky penzijni fond (ZPF) (Czech Republic), which has a 87% decisive stake held by Mostecka uhelna spolecnost (Most, Czech Republic). ZPF has 20,077 clients and controls CEK 317.7 mil. ING PF controlled assets of CEK 3.5 bil and had contracts with 192,854 clients at the end of 2000.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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Poldi's third steel plant has been bought by Americans
Article Abstract:
Scholz Stahlzentrum-Ost CR (Kladno, Czech Republic), metallurgy firm, has sold the third steel plant on the premises of Poldi (Kladno, Czech Republic). The plant's new owner is Wyman-Gordon Company (US), which owns foundry firms in the US, Switzerland, Scotland, Russia and China and forging firms in the US and the UK. The price of the acquisition was not reported.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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