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BUSINESS BRIEFS

VSŽ share sale case reopened

THE ATTORNEY general's office ordered that an insider-trading case involving the sale of a 21 per cent stake in the VSŽ steel-maker in December 2001 be reopened, and that the investigation continue.

In the controversial sale, three firms bought the state stake for a price well below market value at the time, only days after the economy minister said the sale would not be permitted.

Following the scandal, officials from US Steel Košice, which had also been interested in buying the shares, decried what they termed corruption and lack of transparency.

The shares are now under the control of Penta Group, with US Steel having relinquished its VSŽ interests.

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