Spectator on facebook

Spectator on facebook


FNM sells part of DMD Holding

The Slovak state privatization agency National Property Fund (FNM) sold close to 10 percent of DMD Holding Inc., a company managing the activities of heavy engineering and armaments companies located in Trenčín, to the state-owned gas company Slovenský Plynárenský Priemysel (SPP) for 300 million Sk ($10 million), FNM officials announced on February 11.

The goal of the transaction was to liquidate the debts that the engineering companies in DMD Holding's portfolio owed to SPP, said FNM officials, adding that DMD Holding will buy the debts and repay them to SPP. DMD Holding's registered capital stands at 3.4 billion Sk, but that was increased by 1.5 billion Sk in mid-February through a transfer of shares in the largest engineering companies into DMD Holding's ownership. Through that transaction, DMD Holding acquired 34 percent of shares in ZŤS Dubnica nad Váhom, ZŤS TEES Martin, ZVS Dubnica nad Váhom, Konštrukta-Defense Trenčín, and Konštrukta-Industry Trenčín.

Top stories

Kiska will appoint new government on Thursday

The president reportedly asked for the dismissal of current Police Corps president; the interior minister nominee is ready to act.

Peter Pellegrini (l) and President Andrej Kiska (r)

Pellegrini – Smer’s crown prince or Fico’s puppet?

Peter Pellegrini will be appointed prime minister. These are the 10 notable moments in his political career.

Peter Pellegrini

Blog: The promise we must make

While covering this month’s protests in Bratislava, I had a feeling of déjà vu. They reminded me of last year’s protests in Romania.

Dozens of thousands people attended the protest rally in Bratislava on March 9.

People will protest in streets again on March 23

The organisers of the gatherings met with the president, stressing the need to have an independent interior minister.

Andrej Kiska met with the representatives of the For a Decent Slovakia initiative.