Via Chem Group
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687 mio. CZK (2012)[5]| Founded | 2002[1] |
|---|---|
| Headquarters | , Czech Republic[1] |
Key people | Petr Sisák[2][3][4] |
| Total assets | 687 mio. CZK (2012)[5] |
| Total equity | -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]
