7. June 1999 at 00:00

Slovak central bank says ČSOB stake to be sold

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TASR , SITA ,

Newswire

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Slovak central bank governor Vladimír Masár said on June 1 he expected the sale of Slovakia's 24% stake in the Czech ČSOB Bank to go ahead under the same conditions as the Czech stake, whose sale was announced in Prague on May 31.

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"We expect the same conditions in terms of time and finances," Masár told reporters. The Czech government picked Belgium's KBC Bank as the winner of a tender for a 65.7% stake in ČSOB. KBC bid 40.05 billion Czech crowns for the stake. Masár said KBC had already expressed an interest in the Slovak stake under the same conditions.

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