FNM plans to sell receivables

THE NATIONAL Property Fund FNM will sell Sk5 billion (119 million euro) worth of receivables that accumulated from unpaid privatisation deals over the last decade. It says it is expecting revenues of no less than 1 per cent of the total value.

"If bids to buy our receivables are as low as the latest bids made to the government bailout agency Slovenská Konsolidačná (SKo), the FNM will not sell the receivables," said FNM president Jozef Kojda.

17. Feb 2003 at 0:00  | From press reports of TASR and SITA