Prague and London —
Czech Republic Prime Minister Andrej Babis intervened April 16 amid growing concerns over the future of the country's biggest steelmaker, Liberty Steel Ostrava, following the collapse of a major financier to its parent companies Liberty Steel Group and GFG Alliance.
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Babis said on his Twitter account that he was involved in an online discussion with local management during a visit to Ostrava.
"We resolved problems with the management of steel company Liberty Ostrava, whose recent moves have made me and [industry minister] Karel Havlicek very nervous," Babis said. "We clearly told the management that the financial property and assets should remain in the Czech Republic."