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FNM unhappy with Yukos contract on additional Transpetrol shares

NATIONAL Property Fund (FNM) is unhappy with the contract with Yukos, signed in August this year by former economy minister Robert Nemcsics, on the purchase of 2% of shares of Transpetrol.

Yukos owns a 49% stake in the oil and gas transporter.

According to FNM, the cabinet's approval is needed for the transfer of the shares but is missing from the contract. FNM also said that the contract includes an element foreign to Slovak legislation - the right of first refusal.

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

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