Mario Hoffmann’s financial woes
- Vladimír Dohnal
- May 22, 2023
- 1 min read
Mario Hoffmann, who made his first money as the leader of the Istrokapitál group, transferred 50.1% of shares in the X-Bionic Sphere sports and recreation complex in Šamorín to Juraj Krivianský, the partner of the sister of one of the wealthiest Slovaks, Patrik Tkáč. This was Hoffmann’s last major business. He built it for over €100m and its revenues rose to €14.1m last year, compared to €20m before the pandemic. It has accumulated losses of €130m.
His Alzheimer's drug company Axon Neuroscience is in financial trouble; last year it lost €3.8m and owes €30,000 in payroll levies. In 2021, he sold the Fortischem Nováky chemical plant for €1 and closed several debt-ridden companies in the Chemko Strážske area after failing to find investors.
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