Tatra sale investigated by Czech Office for Protection of Competition (OPC)

Brno – the Office for Protection of Competition (OPC) began to investigate the sale of the Tatra. Initiated administrative proceedings. The office turned arms dealer, Jaroslav Strnad and the company PROMET TOOLS. ČTK found out from the web antitrust authorities. New owners indebted carmaker acquired at auction in March for 176 million crowns.


OPCStrnad and Promet tools have the notices on the Web Office “option to get together control” TATRA TRUCKS. It was only on March 8, replacing the company TRUCK DEVELOPMENT, the new owners according to previous information purposefully established as a tool to take the Tatras.

According to the Commercial Register is the sole shareholder of Tatra trucks Galvas Marek, who has served as Chairman of the Board Tatras development. Means to control the company Tatra Truck Development provided by previous information including group J & T. ČTK Galvasová finds expression.

Office will be in administrative proceedings deal with the issue of production and sales of trucks, production and sale of forgings and stampings for the automotive industry. Only results in a simplified procedure. The clearance should decide within a month.

Tatra is a traditional manufacturer of trucks. Company since 2006, controlled the four Czech and foreign investors represented by current Chairman of the American Ronald Adams. In 2010, the automaker cut its more than sedmisetmilionovou loss of 158 million crowns, since not disclose its financial results. Tatra ended at auction because of debts.Tatras value was set at 1.765 billion crowns its liabilities amounted to approximately CZK 1.5 billion.

Tatra last year produced 496 trucks, which is a decrease of 29 percent.Domestic sales fell by a quarter, and exports fell by 24 percent to 447 vehicles.


Author: ČTK www.ctk.cz