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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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