Slovakia could buy back Transpetrol shares through a bank

SLOVAKIA has prepared an alternative plan to buy back a 49-percent stake in Slovak crude oil pipeline operator Transpetrol from the Russian firm Yukos, through one of the four strongest banks in Slovakia.

A reliable, yet anonymous source told SITA that the transaction has already been prepared and only awaits the signature of the new economy minister, Ľubomír Jahnátek.

The new minister has not yet announced this specific, alternative plan. His only comments made when he took up his post indicated he was in favour of the Transpetrol buyback.

Compiled by Martina Jurinová from press reports

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