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Slovak central bank says ČSOB stake to be sold

Slovak central bank governor Vladimír Masár said on June 1 he expected the sale of Slovakia's 24% stake in the Czech ČSOB Bank to go ahead under the same conditions as the Czech stake, whose sale was announced in Prague on May 31.

"We expect the same conditions in terms of time and finances," Masár told reporters. The Czech government picked Belgium's KBC Bank as the winner of a tender for a 65.7% stake in ČSOB. KBC bid 40.05 billion Czech crowns for the stake. Masár said KBC had already expressed an interest in the Slovak stake under the same conditions.

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