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The Banka Slovakia sale so far

June 2000: Finance Ministry announces its plan to privatise 60% of Banka Slovakia.
February 2001: A consortium of Česká Pojišťovna (CP) and Slovak firm Hanco withdraws from talks with the government privatisation agency FNM on the purchase of a 60.07% stake in Banka Slovakia.
CP says the withdrawal comes after a failure to reach agreement on individual terms of a contract, the main problem being the state's unwillingness to agree to CP's plan to take on just the bank's liabilities and assets and not look after the bank's future.

June 2000: Finance Ministry announces its plan to privatise 60% of Banka Slovakia.

February 2001: A consortium of Česká Pojišťovna (CP) and Slovak firm Hanco withdraws from talks with the government privatisation agency FNM on the purchase of a 60.07% stake in Banka Slovakia.

CP says the withdrawal comes after a failure to reach agreement on individual terms of a contract, the main problem being the state's unwillingness to agree to CP's plan to take on just the bank's liabilities and assets and not look after the bank's future.
"We wanted a banking licence and not Banka Slovakia," the firm says in a statement.

February 20 2001: FNM declares tender for the bank's privatisation unsuccessful.

March 2001: Banka Slovakia says it will add to its six branches in Slovakia - Banská Bystrica, Bratislava, Brezno, Trenčín, Nitra and Komárno - by opening more branches in eastern Slovakia, as well as a second branch in Bratislava.

May 7 2001: FNM publishes new advertisement for sale of 60.07% stake in Banka Slovakia. It offers 454,674 shares at a par value of 1,000 crowns.

May 9 2001: Banka Slovakia announces a first quarter profit of 8.7 million crowns. It closed 2000 with a net profit of 26.85 million crowns, a year-on-year improvement of 62%.

May 30 2001: J&T Finance Group, Slávia Capital and 1. Paroplavebná stock brokers identified as three potential bidders in second tender for the bank.

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