Securities depository up for privatization

THE SHAREHOLDERS of the Bratislava Stock Exchange were to decide on March 10 whether to deposit the assets of the Central Securities Depository in the exchange's share capital, stock market director Mária Hurajová told the SITA news agency.

The cabinet approved the depository's privatization in January.

Currently, the Finance Ministry is a 100-percent shareholder in the depository. The latter's assets were assessed by KPMG Slovensko at Sk229.7 million (€6.11 million). The assets should be deposited as a non-cash investment in the share capital of the stock exchange through the National Property Fund (FNM), the state privatization agency.

The stock exchange would thus become the 100-percent owner of the depository, while the FNM will acquire new stock exchange shares.

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