CZECH REPUBLIC/KOPŘIVNICE (Novojičín region), 19 July 2025 - The planned increase in the share capital of Tatra Trucks in the amount of CZK 2.7 billion failed at the company's general meeting today. The minority shareholder, Promet Group, blocked the proposal, threatening the implementation of the planned billion-dollar investment in the company's development. This was announced by representatives of Tatra's majority owner, Czechoslovak Group (CSG), and the carmaker's management.
According to CSG and Tatra's press releases, the capital increase was a necessary step to finance strategic projects that are crucial to the company's future. "The General Meeting today did not reach the necessary consensus. Promet Group unprecedentedly blocked the proposal, which should have ensured the long-term stability and growth of the company," a CSG spokesman said. He added that Tatra was preparing large-scale investments in production capacity, technology and export activities.
Promet Group justified its decision to refuse the capital increase by the lack of information provided by the company's management. "The proposed capital increase of CZK 2.7 billion was not sufficiently documented. We did not have any supporting documents to justify such a major step," the company said in a press statement today. It also declared that it is interested in further development of the car company, but insists on a transparent approach.
The disputes between shareholders raise questions about the future direction of one of Europe's oldest truck manufacturers. Tatra Trucks, known for its special off-road vehicles and military equipment, has seen a growth in orders in recent years, including contracts with the Czech Army and customers abroad. The upcoming investments are expected to strengthen the company's competitiveness in the global market.
Tatra's management is now considering its next steps. Possible scenarios include convening an extraordinary general meeting or looking for alternative financing. "This situation is serious, but we are not giving up. We will look for a solution that will allow Tatra to fulfil its investment plan," said a board member who wished to remain anonymous.
The tension between shareholders comes at a time when the entire automotive sector is facing challenges related to the transition to zero-emission technologies, increased pressure on efficiency and geopolitical risks. Both the professional public and the domestic industry will be closely following developments in Tatra.
gnews.cz - GH
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