Spectator on facebook

Spectator on facebook

CORPORATE BRIEFS

PNS shares back on FNM account with Danubiaprint's approval

In accordance with an agreement achieved between the FNM (national privatization agency) and printing house Danubiaprint, the FNM regained control over 76.54 percent of shares of the largest newspaper distributor PNS in early March.

Danubiaprint director and chairman of board of directors Stanislav Srník and his advisor Edita Bukovská signed the agreement on behalf of Danubiaprint on April 1, an FNM representative said.

The FNM withdrew from the purchase contract with Danubiaprint in early February, following a ruling of the Antitrust Bureau on the ban of the take-over of PNS by Danubiaprint. Danubiaprint appealed the verdict in court. On March 11, the Supreme Court of the Slovak Republic put on hold the execution of the verdict.

In February 1998, the national privatization agency FNM sold a 97% stake (88,846 shares) in PNS to Danubiaprint, which prints most of the periodical press in Slovakia and publishes several newspapers, for 410 million crowns. Thus Danubiaprint was to pay 2,139 crowns for one PNS share. Last November, 20.42% of PNS share assets changed hands through RM-System Slovakia at 859 crowns per share. The buyer was Distripress, Ltd.

Top stories

12 places where you can see the works of one of the best medieval wood carvers Photo

The works of the renowned Master Paul are not limited just to Levoča.

St Geirge Curch in Spišská Sobota

Heatwaves to continue in Slovakia over the following days

More than 40 people collapsed due to hot weather on Thursday.

Jourová: Fico not fully informed on all EC’s activities on double standards

European Commission President Jean-Claude Juncker will meet with Fico to discuss double quality standards of foods on July 27 in Brussels.

European Commissioner for Justice, Consumers and Gender Equality Věra Jourová

Foreigners: Events in Bratislava Video

Tips for performances and other events in the capital between July 21 and July 30, including concerts, parties, festivals, classical music, inline skating, exhibitions and more.