Mikloš: "technical problems" obstruct Slovak ČSOB sale

The Belgian KBC Bank has unambiguously declared that if it buys the National Bank of Slovakia's (NBS) stake in Československá Obchodná Banka (ČSOB), it is willing to pay the same price per share as it did this summer for the Czech-owned stake.

However, Slovak Deputy Prime Minister for Economy Ivan Mikloš alleged last week that the KBC had presented additional conditions for the Slovak government and the NBS, and said the Slovak government was now deciding if it could fulfill the new demands.

He said there were various "technical problems" involved, including legislative restrictions on what the Slovak side was permitted to do.

Mikloš said that the next round of talks with the Belgian investor should take place by the end of August, and added that he expects the Slovak stake in ČSOB to be sold before the end of this year.

The Slovak Republic owns 24.13% of ČSOB shares through its central bank. The Czech government sold its 65.7% stake in the ČSOB, the third largest Czech bank, to the KBC on June 24 for 40.05 billion Czech crowns.

Top stories

The interactive exhibition Elements of Art is dedicated to the 70th anniversary of the Žilina Music Conservatory on November 18, 2021.

Weekend: US basketball players score big in Slovakia

A potential Christmas present, one hike, nice sports stories, and more. Dive into reading this week's roundup.


26. nov

News digest: Employers finally get manual for employee Covid testing

Bratislava starts the Christmas season online and the refurbishment of one of the biggest fountains in Slovakia. Tatra ski resorts have switched on their snow-making machines.


26. nov
Christmas trees began appearing in the squares during the First Czechoslovak Republic and there is a touching Christmas story behind it.

Lockdown for just two weeks? Forget it, say experts

The experts advising the government expect some rules may lift before Christmas, but only for the vaccinated.


26. nov
Chicago Blackhawks right wing Marián Hossa prepares for a face off against the Florida Panthers during an NHL hockey game in March 2017.

The (in)conspicuous superstar that had to suffer to achieve great things: Marián Hossa

The Slovak hockey player has been inducted into the Hockey Hall of Fame.


25. nov
Skryť Close ad