Sazka administrator to take final binding offers from three bidders

By Caroline Salls

Pittsburgh, Sept. 19 - Sazka AS insolvency administrator Josef Cupka told a committee of creditors Friday that three bidders submitted tenders for the company, according to a news release.

All three complied with court-approved conditions and deposited CZK 500,000, the release said.

The tenders obligated the bidders to submit their final binding offers and propose a total purchase price in order to apply for the company. The offers are due Sept. 23.

The names of the candidates will be announced after completion of the tender.

Sazka is a Czech Republic lottery company.

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