Failed investments of Slavomír Hatina

Slavomír Hatina has retired after several failed attempts to invest the proceeds from the sale of Slovnaft oil refinery, which he privatized on the cheap in mid-1990s. His only successful venture is the Czech plastic packaging producer Granitol, and even its sales have fallen by €3.5m since 2016, to last year’s €45m. Hatina lost money on his investment into mineral water maker Trenčianske minerálne vody. He lost €25m on the Medissimo hospital in Bratislava. Recently, he sold the loss-making power plant in Levice to Veolia. A project of cutting ultra-hard materials by laser, Biatec Laser Technology, ended up with a loss of €2.7m. Wood flooring maker Quercus, which was to use the laser technology, has accumulated losses of €3.3m. His small ski resort, Králiky, near Banská Bystrica has accumulated €2m in losses so far.

(HN/1)