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Government approves cancellation of airport sale

The cabinet at its regular session today approved the proposal of Transport Minister Ľubomír Vážny that the privatization sale of a 66-percent stake in the Bratislava airport be definitively cancelled.

Vážny said the government would find investment funds for the airport and develop it itself.

The sale of the airport was originally approved by the previous Dzurinda government, and the facility was won in a tender by the TwoOne consortium including Vienna Airport.

However, the incoming Fico government cancelled the deal after TwoOne failed to meet a formal condition of the sale contract. The Anti-Monopoly Bureau later confirmed that the sale would have hurt competition in the regional air traffic market.

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