Porcelain war: Court rejects Ledina Kerámia registration
Pixabay/Anna Armbrust
A court rejected the registration of Ledina Kerámia, a company established by porcelain manufacturer Zsolnay’s minority owner, the local council of Pécs, so that it could take over operation of the company from a private investor, Gertrud Matusik, Ledina’s spokesperson, told Hungarian news agency MTI yesterday.
Zsolnay house in Pécsʼs Zsolnay Cultural Quarter. (Photo: Pixabay/Anna Armbrust)
The registration was rejected after the request of Zsolnay, which argued that two of its supervisory board members are tied to the company under establishment, which is a conflict of interest, the spokesperson said. She added that, although the two members resigned, Zsolnay “refuses to let them go”, MTI added. She stressed that the local council will appeal the court decision.
The Pécs city council placed a lien on Zsolnay’s bank account at the end of June, at the same time that the registration of Ledina Kerámia, was temporarily suspended by Zsolnay’s request.
Around 130 employees departed from Zsolnay en masse for work at Ledina Kerámia in early June, amidst concerns over the firm’s potential liquidation.
Zsolnay majority owner, Syrian businessman Bachar Najari, said at a June 14 press conference that the company has “come under attack by a group lobbying to take over business” in EU-supported building renovations.
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