CORPORATE NEWS

Creditanstalt sells investment fund

Creditanstalt Investment Bank (CAIB) sold its 26 percent stake in the investment fund Creditanstalt - Slovenský IF (CA-SIF) to the brokerage company J&T Securities II in Bratislava. The shares sold for 239 million Sk (4,135 Sk per share), while CA-SIF's share price at the time of the transaction was 766 Sk, and net assets per share were 2,461 Sk. The fund's total assets are 675 million Sk. J&T Securities II officials said they will offer the remaining shareholders the option of purchasing their shares for 1,008 Sk/share.

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