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CORPORATE NEWS

VSŽ seeks shares in Czech mills

VSŽ, a steel mill in Košice, is trying to acquire a 19 percent stake in the two largest Czech mills, Vítkovice and Nová Huť. Sales of these shares were recently approved by the Czech government and should be completed by the end of this year. "Some groups create problems for us regarding our attempts to acquire stakes in Czech companies," said the chairman of VSŽ's board of directors, Ján Smerek. "It's only a question of time before Slovak capital will stop being regarded as the enemy in the Czech Republic." In addition to its purchasing of stakes in Czech steel mills, VSŽ is also eyeing buying up an undisclosed parcel of the Polish steel mill Huta Katowice.

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