# OKD

> former Czech mining company (1991-2006)

**Wikidata**: [Q106527423](https://www.wikidata.org/wiki/Q106527423)  
**Source**: https://4ort.xyz/entity/okd

## Summary
OKD was a former Czech mining company that operated from January 21, 1991, until its dissolution in 2006. As an "akciová společnost" (joint-stock company), it functioned as a public company, with its shares traded on the Prague Stock Exchange until 2005. Throughout its existence, OKD was a significant entity in the Czech mining industry, undergoing various ownership changes.

## Key Facts
*   **Inception:** OKD was established on January 21, 1991.
*   **Dissolution:** The company was dissolved in 2006.
*   **Country:** It was based in the Czech Republic.
*   **Industry:** OKD operated within the mining industry.
*   **Legal Form:** Its legal form was an "akciová společnost," which is a joint-stock company.
*   **Status:** OKD was a public company, with its shares listed on the Prague Stock Exchange until 2005.
*   **Headquarters:** Its headquarters were located at Prokešovo náměstí 6, 702 00 Ostrava.
*   **Revenue (1994):** The company reported a revenue of 29,445,000,000 Czech koruna in 1994.
*   **Net Profit (1994):** In 1994, OKD recorded a net loss of -1,788,000,000 Czech koruna.
*   **Employees (1993):** It employed 49,701 people in 1993.
*   **Employees (1994):** The workforce decreased to 32,584 employees in 1994.
*   **Czech Registration ID (IČO):** Its registration identifier was 00002593.
*   **National Library of the Czech Republic Authority ID:** ko2001100163 (Ostravsko-karvinské doly (firma)).
*   **OpenCorporates ID:** cz/00002593.

## FAQs
**What was OKD?**
OKD was a former Czech mining company, legally structured as an "akciová společnost" (joint-stock company), that operated from 1991 to 2006. It was a public company, meaning its securities were available for sale to the general public, and its shares were traded on the Prague Stock Exchange until 2005.

**When was OKD active?**
OKD was established on January 21, 1991, and ceased operations, being dissolved, in 2006. Its shares were publicly traded on the Prague Stock Exchange for much of this period, specifically until 2005.

**What was OKD's financial and operational scale?**
In 1994, OKD generated a revenue of 29,445,000,000 Czech koruna, though it reported a net loss of -1,788,000,000 Czech koruna in the same year. Its workforce was substantial, with 49,701 employees in 1993, which decreased to 32,584 by 1994.

**Who owned OKD during its operation?**
OKD experienced various ownership structures. The National Property Fund held a significant stake, including 53.99% in 1995 and 45.8831% between 1996 and 2004. Karbon Invest gradually acquired ownership, holding percentages such as 48.5% in 1998, 50.002% in 2002 and 2003, and eventually 100% between 2005 and 2006. IPB Real Investment also held 18.36% in 1997.

**What happened to OKD after its dissolution?**
Upon its dissolution in 2006, OKD was followed by several successor entities. These included Správa pohledávek OKD (stated as OKD, Mining, a.s.), RPG Trading, RPG Transport, RPG Gas, RPG Byty, Asental Business (stated as RPG RE Commercial, s.r.o.), and Asental Land (stated as RPG RE Land, s.r.o.).

## Why It Matters
OKD played a significant role in the Czech Republic's post-communist economic transformation as a major mining company. Its substantial revenue and large workforce in the early 1990s highlight its economic footprint and importance to regional employment. As a public company, its listing on the Prague Stock Exchange facilitated capital formation and allowed for public investment, reflecting the country's transition towards market-based economics. The complex evolution of its ownership, from the state-controlled National Property Fund to private entities like Karbon Invest, illustrates the privatization processes that characterized the era. Ultimately, its dissolution and fragmentation into multiple specialized companies in 2006 marked a significant restructuring within the Czech industrial landscape, impacting the future of mining and related sectors.

## Notable For
*   Being a prominent Czech mining company active for over a decade following the Velvet Revolution.
*   Its status as a public company, with shares traded on the Prague Stock Exchange until 2005.
*   Employing a substantial workforce, reaching nearly 50,000 individuals in 1993.
*   Generating significant revenue, exceeding 29 billion Czech koruna in 1994.
*   Undergoing a complex ownership transition from state to private control, involving entities like the National Property Fund and Karbon Invest.
*   Its eventual breakup into multiple successor companies in 2006, indicating a major corporate restructuring.

## Body

### Overview and Identity
OKD was a former Czech mining company, established on January 21, 1991, and dissolved in 2006. It operated as an "akciová společnost," which translates to a joint-stock company, a specific legal form of organization. As a business entity, it was also classified as a public company, meaning it offered its securities for sale to the general public, typically through a stock exchange. Its shares were traded on the Prague Stock Exchange until 2005. The company's primary industry was mining, making it a key player in the Czech Republic's industrial sector during its operational period.

Throughout its existence, OKD used several official names. From its inception in 1991 until 1996, it was known as "Ostravsko-karvinské doly, akciová společnost." This was shortened to "OKD, a. s." from 1996 to 2002. Between 2002 and 2005, its full official name was "OKD, a. s., člen koncernu KARBON INVEST, a.s.," indicating its membership in the Karbon Invest concern. Finally, from 2005 until its dissolution in 2006, it reverted to "OKD, a. s."

### Headquarters and Identifiers
The headquarters of OKD were located in Ostrava, specifically at Prokešovo náměstí 6, with the postal code 702 00. The company was assigned several identifiers for registration and cataloging purposes. Its Czech registration ID (IČO) was 00002593, which is also its OpenCorporates ID. The National Library of the Czech Republic assigned it the authority ID ko2001100163, with the associated name "Ostravsko-karvinské doly (firma)."

### Financial and Operational Scale
OKD was a large-scale operation, particularly in its early years. In 1993, the company reported a substantial workforce of 49,701 employees. This number saw a significant reduction by 1994, when it employed 32,584 individuals. Financially, OKD generated considerable revenue, reaching 29,445,000,000 Czech koruna in 1994. However, despite this high revenue, the company recorded a net loss of -1,788,000,000 Czech koruna in the same year.

### Ownership and Governance
As a public company, OKD's ownership was distributed among shareholders, and its shares were traded on the Prague Stock Exchange until 2005. The company experienced a dynamic shift in its ownership structure over its operational lifespan. Initially, the National Property Fund held a significant stake, owning 53.99% of the company in 1995. This state ownership continued, with the National Property Fund holding 45.8831% between 1996 and 2004.

Private entities gradually acquired larger shares. IPB Real Investment held 18.36% of OKD in 1997. Karbon Invest emerged as a dominant owner, starting with 48.65% in 1999, increasing to 49.23% in 2000, 49.99% in 2001, and then a majority stake of 50.002% in both 2002 and 2003. By the end of 2004, Karbon Invest's ownership had grown to 95.89%, and it eventually held 100% of OKD from 2005 until the company's dissolution in 2006.

### Evolution and Dissolution
OKD's journey began on January 21, 1991, as a key player in the Czech mining sector. After more than a decade of operation, the company was dissolved in 2006. Following its dissolution, the assets and operations of OKD were succeeded by several distinct entities, indicating a fragmentation or restructuring of its former business. These successor entities, all established in 2006, included:
*   Správa pohledávek OKD (also referred to as OKD, Mining, a.s.)
*   RPG Trading
*   RPG Transport
*   RPG Gas
*   RPG Byty
*   Asental Business (stated as RPG RE Commercial, s.r.o.)
*   Asental Land (stated as RPG RE Land, s.r.o.)

### Internal Structure
OKD also had an identified part, designated by the identifier Q138399797.

## References

1. Access to Registers of Economic Subjects