20. January 2003 at 00:00

VSŽ share sale case reopened

author
author
TASR , SITA ,

Newswire

Font size: A - | A +

THE ATTORNEY general's office ordered that an insider-trading case involving the sale of a 21 per cent stake in the VSŽ steel-maker in December 2001 be reopened, and that the investigation continue.

In the controversial sale, three firms bought the state stake for a price well below market value at the time, only days after the economy minister said the sale would not be permitted.

SkryťTurn off ads
SkryťTurn off ads
Article continues after video advertisement
SkryťTurn off ads
Article continues after video advertisement

Following the scandal, officials from US Steel Košice, which had also been interested in buying the shares, decried what they termed corruption and lack of transparency.

The shares are now under the control of Penta Group, with US Steel having relinquished its VSŽ interests.

SkryťClose ad