Sazka Lottery Repays BNY Mellon 567 Million Koruna, Pravo Says

Sazka AS, a bankrupt Czech lottery company, repaid 567 million koruna ($30.2 million) to Bank of New York Mellon Corp. (BK), one of its creditors, Pravo reported, citing Lenka Ticha, spokeswoman for Sazka’s administrator.

Sazka, based in Prague, raised the cash for the repayment by selling assets, the newspaper said. The company can now start repayments to other creditors, Pravo said, citing Jan Cupka, the administrator.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.