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CORPORATE BRIEFS

VSŽ stock finally rebounds after inactivity on BSE

Shares of Slovakia's largest industrial company, steelmaker VSŽ, were traded at 150 crowns on October 1, the first time in over a month that VSŽ stock was traded on the Bratislava Stock Exchange (BSE). The 150 crowns price is a 20% improvement on what was quoted for VSŽ on August 25.

In late September, state-owned firms with stakes in VSŽ fended off an attempt by a group of former VSŽ managers to take control of the company at a special shareholders' meeting (EGM). The victory confirmed the grip of the state on affairs at VSŽ, and imrpoved confidence in the company's management and restructuring programme.

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