Cabinet turns down the sell of VSZ shares

The Dzurinda cabinet turned down the sale of a 16.5-percent stake of the National Property Fund (FNM) in the ex-steelmaker VSZ, a.s. Kosice.

The privatization agency had planned to sell the VSZ shares at their nominal value Sk343 (€8.25) on public market next Wednesday. If no buyer was found, the FNM could settle for Sk88 (€2.12) on Thursday next week.

Finance Minister Ivan Mikloš said the proposed price drove the cabinet to turn down the deal.

FNM spokeswoman Tatjana Lesajova does not think the shares can be sold before the VSZ shareholders meet at the end of July. Financial speculators Penta Group, which already owns a minor stake in VSZ, will want to have the shares withdrawn from the capital market.

Compiled by Beáta Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Bratislava Mayor Matúš Vallo speaks to foreigners at [fjúžn] festival's "Ask the Mayor" event.

Foreigner’s community has a big voice, but it needs to be more organised

Bratislava Mayor Matúš Vallo addressed the questions and concerns of foreigners in Bratislava during a special Q&A.

23 h
Reconstruction work on the Monument of Liberation and Victory, unveiled in 1955 in the Dargov mountain pass, which commemorates the liberation of eastern Slovakia from Nazism.

Unusual mousetrap and Dubček's glasses: Slovakia treasures on display in America

Look through event tips, set out on an easy hike and read short culture stories.

6 h
No single list of foreigners who are entitled to vote in Slovakia exists.

It is a simple question. How many foreigners vote in Slovakia?

The million-dollar question the state and towns can hardly answer.

4 h
Bratislava, Main Square

Inhabitants of Bratislava should not see curfew or ban on travelling. Capital reaches vaccination milestone

In the current regional Covid automat system, Bratislava should not be worse than the red tier.

22 h
Skryť Close ad