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Privatization agency to maintain control of largest heating plants

Government privatization agency the National Property Fund (FNM) will continue to control the six biggest heating plants in Slovakia, located in Bratislava, Košice, Trnava, Žilina, Martin, and Zvolen.

This is the conclusion of the interdepartmental review of the draft amendment to the law on the terms of transfer of state assets to other persons.

The Economy Ministry originally proposed transferring the execution of shareholder rights and duties in the heating plants from the FNM to the Economy Ministry. As the FNM pointed out, there are several hundred heat producers and distributors, while the original proposal for transfer of the execution of shareholder rights would concern only six of them.

The Economy Ministry accepted these comments, and the provision on the transfer of shareholder rights from the FNM to the Economy Ministry was omitted from the draft revision. The Economy Ministry also abandoned its intention to transfer shareholder rights of the DMD Group from the FNM to the ministry. The FNM points out that the founder of this company was not a central body of the state administration and the DMD Group is not a legal successor of DMD Holding as the ministry mistakenly assumed. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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