Antitrust Bureau confirms takeover ban of newspaper distributor PNS

The Appeals Commission of the Antitrust Bureau has confirmed the bureau's ruling from November 20, 1998, which banned the takeover of the largest newspaper distributor, PNS, by massive printing house and news publisher Danubiaprint.

The national privatization agency (FNM) sold the PNS in February 1998 to the printing house and publisher Danubiaprint, which prints most of the periodical press in Slovakia and publishes several newspapers. Importantly, its owners were considered close to the former government of Vladimír Mečiar.

The sales price was 410 million Sk ($10.8 million). The privatization of PNS was criticized by publishers and the opposition because of fears it could be politically misused to harass other media.

When the appeal commission's ruling comes into effect, the FNM plans to withdraw from the sales contract, as one of the provisions in the contract stipulates.

The Antitrust Bureau decided to block the takeover because it strengthened Danubiaprint's already dominant position on a market while it did not result in significant general benefits from this economic concentration.

Top stories

Lockdown in Bratislava

Ministry proposes to start reopening Slovakia for the vaccinated and recovered shortly before Christmas

The Health Ministry came up with three phases, one of which involves a longer lockdown.


20 h
Igor Matovic

PM’s calls for “respect” are ignored by his own colleagues

Finance minister proposes massive handout without consulting PM.


22 h
Katarína Nováková Grubb

This Slovak wears her folk costume even in New York City

Katarína Nováková Grubb made a career in the US. She remembers 2020 fondly despite the pandemic.


23 h
Skryť Close ad