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CORPORATE NEWS

FNM sells 11.05 percent stake in Harmanecké papierne

During the third week of November, the National Property Fund (FNM), state privatization agency, sold an 11.05 percent stake (68,726 shares) in Harmanecké papierne Inc., Harmanec to O.K.L. Inc., way below its market value. FNM sold one share for 100 Sk, or one tenth of the nominal value, while the price on the stock exchange was 388 Sk on the day of the sale. In the course of 1996, it oscillated between 320 to 1,010 Sk. The FNM sold the stake to a completely unknown company at a price 19.8 million Sk lower than the actual market price. In the first half of this year, income per share of Harmanecké papierne was 201.3 Sk and the company has a 20 percent return on capital.

Top stories

Emergency declared in Prešov after Sunday storm Video

A powerful storm swept through the city on July 23.

Strong storm hit prešov on July 23.

Slovak water slalom racers won seven medals

Young Slovak talents made the hearts of sports fans race with their performance at the World Championship in water slalom.

Marko Mirgorodský

Austrian Ambassador: The normalisation of our relations has grown

Most people want the EU to exist in the future – we just have to mobilise this majority and not take things for granted, says Austrian Ambassador to Slovakia Helfried Carl in an interview with The Slovak Spectator.

Austrian Ambassador Helfried Carl

Fico for better fish fingers

It’s true that in the past four months, Mr Fico has been comparatively less busy than his Visegrad Group partners.

Austrian fish fingers angered PM Fico.