Penta Continues in Stabilization of Former Novoker

09. October 2007
Back

The Penta private equity group has revived the production in former Novoker and further continues in a stabilization of the business. During the next months, it plans to create presumptions for the assumption of most of the current employees and provide them with a perspective in the new company.

“As we have already declared several months ago, it has been necessary to act quickly to avoid the complete cessation of the production existence. From the last week, the production has functioned in a full capacity; we have invested more than SKK 30 million in its renewal,” Jozef Špirko, a partner of the Penta private equity group said.

Penta has already assumed 90% of the property from BPS, being the owner of former Novoker. However, the production itself will continue under the new company, which will not be connected to the BPS structure.

“Our steps lead towards the creation of a transparent ownership structure and overall stabilization of the production. This is also a reason, why we are optimists in the issue of searching for and subsequent entry of a strategic invest,” Jozef Špirko concluded.

Penta in Novoker:

  • At the end of July 2007, the Penta private equity group assumed, based on the initiative of shareholders of BPS (former Novoker), receivables of BPS towards Slovenská sporiteľňa. It has decided to sell its receivables in May 2007 through the public auction institute,
  • BPS´s shareholders have signed a Memorandum of Understanding with Penta, where they have undertaken to provide cooperation in order to lead the business out of the crisis, stabilize the production, and prepare it for a sale to a strategic investor.
More news
Penta Real Estate enters the British real estate market with two residential acquisitions

Penta Real Estate is launching its expansion into the UK property market through the development of more than 680 new apartments in two attractive locations in the wider centre of...

Petr Řehák Appointed as the New CEO and Chairman of the Board of Privatbanka

Privatbanka, a.s., a member of the Penta Investments group, has appointed Petr Řehák as Chief Executive Officer and Chairman of the Board of Directors. He replaces Ľuboš Ševčík, who is...

Penta Fund strengthens its top management

Penta is strengthening the leadership of Penta Fund. After an exceptionally successful start, experienced banker Tomáš Hochmeister will become the new CEO of Penta Fund as of December 1. He...

Fortuna Entertainment Group Acquires Montenegrin Lob

Fortuna Entertainment Group (FEG), the leading omni-channel gaming entertainment provider in Central and Eastern Europe, has signed an agreement to acquire a 51% stake in Lob, Montenegro’s second biggest operator...

Penta Hospitals plans to acquire Group Mediterra and significantly expands its healthcare network, adding six hospitals and a medical school to the network

Prague, 16 October 2025 – Penta Hospitals, one of the leading private healthcare and social care providers in Czechia, has announced the signing for the acquisition of Group Mediterra, a.s....

Penta Real Estate successfully completed the sale of Bory Mall; its new owner is the ZFP Real Estate Fund

With the successful completion of the sale of the Bory Mall shopping and entertainment center, we have reached another important milestone in our activities on the Slovak market. The transaction...

Record year for Penta, successful launch of Penta Fund

Penta has reported a record net profit of €621 million for the financial year 2024. All core portfolio companies contributed to this results, as the high level of capital investments...

Fortuna leadership update – welcoming new CEO