Penta Group dismisses concern over SP buy

The financial arbitrage house Penta Group August 22 subscribed the entire 504 million crown ($10.4 million) offer in a second round capital increase at state insurer Slovenská poisťovňa, thereby raising its stake in the firm to 20.22%.

Management at the firm said that they did not intend to profit "unduly" from later selling their 20.22% SP stake. Penta has agreed with the state that it will sell its stake to an investor conjointly with the state's privatisation of its 67% share in SP.

Get daily Slovak news directly to your inbox

Top stories

News digest: High-profile arrests and discussion on reopening schools continues

PM Matovič proposes pilot testing for schools. Slovakia will have the very first Slovak ambassador to the EU.

PM Igor Matovič has stepped into the debate about opening the schools for older children.

Another former police president reportedly charged in a corruption case

NAKA charged eight former high-ranking police, SIS and Financial Administration officials.

Milan Lučanský

Matovič could have made comments about the US rather than Mongolia

I am proud of what has been achieved in Slovakia, says Billy Altansukh.

Older children will not return to schools before Christmas

PM Igor Matovič still wants some pupils to return, he proposed a pilot testing plan.

The school in Trebišov.