17. June 2002 at 00:00

VSŽ stake direct to US Steel?

TASR , SITA ,

Newswire

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THE FNM privatisation agency has proposed to sell its 16 per cent stake in steel firm VSŽ directly to US Steel Corp. for Sk160 per share, compared to a stock market price of around Sk220.

If the government approves the transaction, US Steel will control 41 per cent of VSŽ, and will have to offer to buy shares from other shareholders.

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