CORPORATE NEWS

OTF sold off to firm's j.s.c.

The state privatization agency Fund for National Property (FNM) sold 34.64 percent in OTF, a TV set producer located in Nižna, to an employee joint-stock company named OTF-ZAM Nižna for 24 million Sk, FNM officials announced. OTF's registered capital is 895 million Sk. Other shareholders in the company are small shareholders (47 percent ownership) the PSIPS investment fund (14 percent) and 30 other investment funds with small stakes. OTF-ZAM's structure is 66 percent owned by OTF managers, with the remainder owned by employees.

The direct sale will result in simplified management at the firm, according to OTF's director, citing that before the sale, important company decisions had to be approved by the Fund. OTF will lose slightly more than its estimate of 100 million Sk, according to company executives. The firm lost 182 million Sk in 1994 and 154 million Sk in 1995.

Top stories

News digest: Former PM met with people close to corruption scandals

Košice and Bratislava finally get highway connection - via Hungary. Supreme Court hands editor-in-chief of Zem a Vek magazine €4,000 fine.


4 h

Thumbelina and Ugly Duckling, soon to be read by Rusyns in their native language

An architect decided to make a book translation and collected money via crowdfunding.


7 h
Illustrative stock photo

What is next for philanthropy?

Martina Kolesárová describes the current trends reshaping philanthropy with the aim of delivering meaningful solutions with a lasting impact.


10 h
Aktuality.sk obtained photos from a cottage, where Robert Fico (top right) would meet Miroslav Bödör (on his left), attorney Marek Para (bottom left) and Pavol Gašpar.

Police recorded cottage meetings of Fico, Kaliňák and people close to corruption cases

Prosecutors claim the recordings confirm attempts to interfere with the investigation of major corruption cases under Smer governments.


25. okt
Skryť Close ad