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FNM to take no further privatisation decisions before June election

THE NATIONAL Property Fund (FNM) announced on February 17 that it would take no further decisions on privatisation sales until after the general election on June 17. This decision also covers tenders that are in progress, FNM spokesperson Tatjana Lesajová said.

The FNM said it would decide within two weeks on how to proceed in special cases, such as ongoing sales. "Each tender is at a different stage, so halting them could influence individual companies in various ways," Lesajová said.

Tenders where bids have not yet been submitted could be halted, while submission deadlines for other tenders could be postponed, the TASR newswire wrote.

The FNM says it will follow the lead of the government, which is to deal with the issue at a session next week. Among the most important tenders currently under the FNM's remit are those already halfway complete, such as the sale of state heating plants, local transport firms, and arms manufacturer DMD Group. Another privatisation to be affected will be that of the Západoslovenská energetika (Western Slovak Energy) electricity distributor, which is already in its final phase.

Compiled by Marta Ďurianová from press reports
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