FOCUS SHORT

Italians selling shares in Kosit

ITALIAN shareholders are leaving the Košice-based waste management company Kosit. They are selling their 66-percent stake in Kosit to the investment group Wood & Co for over €14.2 million, the SITA newswire wrote on June 16. The city of Košice, which holds the remaining 34 percent stake, has not used its pre-emptive right, but has kept its minority stake. The whole transaction is taking place under the auspices of UBS bank. Until the whole transaction is over, Italian investors cannot provide any detailed information.

ITALIAN shareholders are leaving the Košice-based waste management company Kosit. They are selling their 66-percent stake in Kosit to the investment group Wood & Co for over €14.2 million, the SITA newswire wrote on June 16. The city of Košice, which holds the remaining 34 percent stake, has not used its pre-emptive right, but has kept its minority stake. The whole transaction is taking place under the auspices of UBS bank. Until the whole transaction is over, Italian investors cannot provide any detailed information.

Kosit was launched in 2001 based on a project of Košice city, which held an international tender to sell its incinerating plant. The winner of the tender launched with the Košice city council a joint-stock company to collect and dispose of municipal waste as well as to provide regular summer and winter road and street maintenance.

Kosit is one of the five most significant companies active in this field in Slovakia. For the time being, it provides services to about 260,000 citizens of eastern Slovakia and for around 500 business entities. It handles annually more than 80,000 tonnes of waste. The company employs more than 400 people.

Top stories

Will the 'Old Bridge' retain its name?

There are also humorous proposals, including ‘the Ugly Bridge’, ‘the Useless Bridge’, ‘the Bridge of Paté Eating Warriors’.

The new 'Old Bridge' in Bratislava.

SNG under reconstruction, finally Photo

The resulting premises should become a sort of cultural centre in downtown Bratislava just next to the Danube river, connecting the national gallery with the street life of the capital.

Visualisation of the SNG after reconstruction

Countrywide events

Tips for events in Slovakia between February 5 and 14, including a lot of music - classical, world, jazz, rock; operas, carnival feasts, ballet, a tennis cup, indoor bike show, non-stop skating marathon, exhibitions…

DownMall bike show to take place in Central.

Blog: Then I felt like a doctor who lost a patient

Helena does not have any academic title before or after her name. She is a Roma healthcare assistant. She belongs to my “other Slovakia” – the open, enthusiastic, and daring one.

Roma settlement in Markušovce