Spectator on facebook

Spectator on facebook

FNM withdraws from contract on sale of Bratislava airport

THE PRESIDIUM of the National Property Fund (FNM) privatization agency decided on September 13 to withdraw from a contract on the sale of a 66-percent stake in Bratislava’s M.R. Štefánik Airport to the TwoOne consortium.

The contract was originally signed on February 10 following a privatization tender between the FNM, the Transport Ministry and the BTS Holding company, representing TwoOne.

After months studying the deal, the Antitrust Bureau (PMÚ) competition authority forbade the sale of the 66-percent stake to the consortium on September 11. The Bureau explained that the transaction, in putting Bratislava airport under the authority of Vienna airport, a member of TwoOne, would have eliminated the sole effective competitor to Vienna airport and held back the development of Bratislava airport.

The TwoOne consortium consists of the Slovak capital group Penta Investments, the Austrian Raiffeisen Zentralbank, and Vienna airport.

The verdict has not yet taken effect, as the parties concerned have 15 days to appeal it. The consortium has already said it will appeal the verdict to the PMÚ Council.

Penta regards the FNM’s decision to pull out of the Bratislava airport privatization contract as invalid, and has said in the past it will take Slovakia to the International Court of Arbitration in Paris over the matter.

Top stories

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.