The municipal court in Prague on Friday declared bankruptcy proceedings on glass maker Sklo Bohemia on the application of creditors, the Prague Daily Monitor reported today. Creditors agreed on Friday that bankruptcy is the only possible solution for the debt-ridden company, the company's receiver Helena Horova told the Czech News Agency. Creditors decided on Friday that the company's assets would not be sold as a whole but in parts. Horova said no investor interested in buying the whole glassworks or renewing glass production has appeared.
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