Privatization : National Glass Factory (2025)

In this article we do a analysis, considering as a potential LBO candidate, a national glass factory put up for privatization in a Eastern European country.

OVERVIEW

The company on its own is not fashionable but does has quite a large export activity exporting across European countries and also more Middle Eastern Countries. Now, such a wide network of buyers is already suspicious because the company might be leveraging its label as a state owned entity and thus consolidating political alliances with other countries or, alternatively, being a state-run company might run operations at a lower cost than what glass should be sold (albeit energy consumption aspects might need to be assessed). An overview of the contracts is not