Luděk Sekyra
Encyclopedia
Luděk Sekyra is a Czech
entrepreneur, founder of real estate development company "Sekyra Group".
After graduation from a secondary school in Kaplice
he was admitted to Faculty of Law, Charles University in Prague
. He became an official of Socialist Youth Union and a member of Communist Party of Czechoslovakia
. On 13 November 1989 communits daily Rudé právo
printed on its front page a group photo of Socialist Youth Union officials including Sekyra. After the Velvet Revolution
he became a partner in the law office of professor Milan Bakeš.
In 1995 Luděk Sekyra set up a company JURE (now Sekyra Group) and became chairman of its board of directors. Registered capital amounting to CZK 6.5 million was issued in the form of bearer shares. A year later Sekyra became chairman of the board of directors of newly founded real estate development company České nemovitosti a.s.
In April 1999 JURE was renamed to SEKYRA Group. Former supervisory board member Drahoš Lustig was elected its chairman of the board of director, Luděk Sekyra moved to the post of chairman of the supervisory board. Lustig also became chairman of the board of directors of "Středoevropská stavební" (StS), a company founded in the summer 1999 as a special purpose vehicle to acquire major Czech construction company IPS. StS issued bearer shares, Sekyra had a stake in the company.
In early January 2000 Sekyra secretly joined forces with infamous enterpreneur and lobbyist František Mrázek
, who was at the time wiretapped by the police. The police also got court-appproval to wiretap Sekyra and found out that Ivan Langer
, a vice-chairman of the parliament and vice-chairman of ODS, is secretly lobbying on StS' behalf.
StS made the highest bid for IPS and on 29 February 2000 got a CZK 2 bn loan from Investiční a poštovní banka (IPB). However, the loan was just for one month, not the nine years originally discussed. On 28 March IPB decided not to prolong the loan, however it did not immediately seize the IPS shares pledged as collateral and on 13 April 2000 Luděk Sekyra became chairman of the board of directors of IPS. On 16 June 2000 IPB went into forced administration and StS was forced to transfer the shares to its rival Skanska
. On 20 July 2000 Skanska replaced statutory bodies of IPS.
In February 2002 Luděk Sekyra lent to Sekyra Group CZK 40 million, two month later a further CZK 5 million. He later converted his receivables into equity by subscribing newly issued shares of Sekyra Group, its registered capital increased to CZK 52 million in July 2003.
At the end of December 2006 Luděk Sekyra had a 99,81 % stake in Sekyra Group a.s., during 2007 he transferred the shares to Netherlands-based company SEKYRA GROUP REAL ESTATE N.V.
(SGRE). At the end of December 2007 Luděk Sekyra controlled Curaçao
-based company CEE Holdings N.V., which had a 95 % stake in SGRE.
In 2007 Sekyra Group a.s. made CZK 121 million loss on sales CZK 600 million, its liabilities were by CZK 59 million higher than accounting value of assets (negative ownership equity). In 2008 the company lost CZK 56 million, in 2009 it lost further CZK 116 million. Its largest creditor was Česká spořitelna with bank loans amounting to CZK 1.3 billion
.
In October 2010 Sekyra became chairman of newly established closed-end investment fund Convenio, which in turn announced a takeover of company Rezidence Korunní. According to evaluation by NSG Morison the net asset value of Rezidence Korunní amounts to CZK 396 million (the original ownership equity amounting to CZK -55 million was inreased by evaluation difference amounting to CZK 450 million).
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....
entrepreneur, founder of real estate development company "Sekyra Group".
After graduation from a secondary school in Kaplice
Kaplice
Kaplice is a town in the South Bohemian Region of the Czech Republic.-Parts :Kaplice 6,363Blansko 218Dobechov 21Hradiště 41Hubenov 81Květoňov 6Mostky 36Pořešínec 33Pořešín 131Rozpoutí 52Žďár 41-List of Kaplice streets:...
he was admitted to Faculty of Law, Charles University in Prague
Charles University in Prague
Charles University in Prague is the oldest and largest university in the Czech Republic. Founded in 1348, it was the first university in Central Europe and is also considered the earliest German university...
. He became an official of Socialist Youth Union and a member of Communist Party of Czechoslovakia
Communist Party of Czechoslovakia
The Communist Party of Czechoslovakia, in Czech and in Slovak: Komunistická strana Československa was a Communist and Marxist-Leninist political party in Czechoslovakia that existed between 1921 and 1992....
. On 13 November 1989 communits daily Rudé právo
Rudé právo
Rudé právo was the official newspaper of the Communist Party of Czechoslovakia....
printed on its front page a group photo of Socialist Youth Union officials including Sekyra. After the Velvet Revolution
Velvet Revolution
The Velvet Revolution or Gentle Revolution was a non-violent revolution in Czechoslovakia that took place from November 17 – December 29, 1989...
he became a partner in the law office of professor Milan Bakeš.
In 1995 Luděk Sekyra set up a company JURE (now Sekyra Group) and became chairman of its board of directors. Registered capital amounting to CZK 6.5 million was issued in the form of bearer shares. A year later Sekyra became chairman of the board of directors of newly founded real estate development company České nemovitosti a.s.
In April 1999 JURE was renamed to SEKYRA Group. Former supervisory board member Drahoš Lustig was elected its chairman of the board of director, Luděk Sekyra moved to the post of chairman of the supervisory board. Lustig also became chairman of the board of directors of "Středoevropská stavební" (StS), a company founded in the summer 1999 as a special purpose vehicle to acquire major Czech construction company IPS. StS issued bearer shares, Sekyra had a stake in the company.
In early January 2000 Sekyra secretly joined forces with infamous enterpreneur and lobbyist František Mrázek
František Mrázek
František Mrázek was a controversial Czech entrepreneur, often referred to as the "Godfather of Czech Organized Crime". Mrázek covertly influenced the Czech politics for almost twenty years. In 2006 he was assassinated by a sniper...
, who was at the time wiretapped by the police. The police also got court-appproval to wiretap Sekyra and found out that Ivan Langer
Ivan Langer
MUDr. Mgr. Ivan Langer is a Czech politician, member of the Civic Democratic Party since 1991. He is a vice-chairman of the CDP. Since 2006 to 2009 he was a Ministr of the Interior and Informatics. In 2000 Langer secretly lobbyied on behalf of developer Luděk Sekyra, who tried to acquire major...
, a vice-chairman of the parliament and vice-chairman of ODS, is secretly lobbying on StS' behalf.
StS made the highest bid for IPS and on 29 February 2000 got a CZK 2 bn loan from Investiční a poštovní banka (IPB). However, the loan was just for one month, not the nine years originally discussed. On 28 March IPB decided not to prolong the loan, however it did not immediately seize the IPS shares pledged as collateral and on 13 April 2000 Luděk Sekyra became chairman of the board of directors of IPS. On 16 June 2000 IPB went into forced administration and StS was forced to transfer the shares to its rival Skanska
Skanska
Skanska AB, is a multinational construction and development company based in Sweden, where it also is the largest construction company. The company's head office is in Solna, north of Stockholm.-History:...
. On 20 July 2000 Skanska replaced statutory bodies of IPS.
In February 2002 Luděk Sekyra lent to Sekyra Group CZK 40 million, two month later a further CZK 5 million. He later converted his receivables into equity by subscribing newly issued shares of Sekyra Group, its registered capital increased to CZK 52 million in July 2003.
At the end of December 2006 Luděk Sekyra had a 99,81 % stake in Sekyra Group a.s., during 2007 he transferred the shares to Netherlands-based company SEKYRA GROUP REAL ESTATE N.V.
Naamloze Vennootschap
is the Dutch term for a public limited liability company. The company is owned by shareholders, and the company's shares are not registered to certain owners, so that they may be traded on the public stock market....
(SGRE). At the end of December 2007 Luděk Sekyra controlled Curaçao
Curaçao
Curaçao is an island in the southern Caribbean Sea, off the Venezuelan coast. The Country of Curaçao , which includes the main island plus the small, uninhabited island of Klein Curaçao , is a constituent country of the Kingdom of the Netherlands...
-based company CEE Holdings N.V., which had a 95 % stake in SGRE.
In 2007 Sekyra Group a.s. made CZK 121 million loss on sales CZK 600 million, its liabilities were by CZK 59 million higher than accounting value of assets (negative ownership equity). In 2008 the company lost CZK 56 million, in 2009 it lost further CZK 116 million. Its largest creditor was Česká spořitelna with bank loans amounting to CZK 1.3 billion
1000000000 (number)
1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001.In scientific notation, it is written as 109....
.
In October 2010 Sekyra became chairman of newly established closed-end investment fund Convenio, which in turn announced a takeover of company Rezidence Korunní. According to evaluation by NSG Morison the net asset value of Rezidence Korunní amounts to CZK 396 million (the original ownership equity amounting to CZK -55 million was inreased by evaluation difference amounting to CZK 450 million).