Pavol Jakubec sold I.D.C. for €305m

Finhold (Pavol Jakubec) posted a net profit of €237m last year. This resulted from Jakubec selling sweets maker I.D.C. (brands like Horalka and Mila) to Ireland's Valeo. Jakubec took out a loan in 2021 to buy out his then-partner Štefan Kassay; they had owned the firm 50/50. The firm's results subsequently improved significantly. According to the financial statements, Finhold collected €305m for I.D.C., which had a book value of €77m.

(sme.sk)