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Euram to take over majority in Slovak shipyard

The Austria-based European American Investment Bank AG (Euram) is to take over a majority in the Slovenske Lodenice Komarno Bratislava (SLKB) shipyard from the state-run FNM privatisation agency in the next few days, news wire TASR reported.

The FNM had called a special general assembly of SLKB's shareholders for December 15 to approve increasing the company's fixed assets through the issue of 10,900 new equity shares at Sk10,000 (€244) a piece.

By depositing Sk109 million (€2.66 million), Euram AG will increase its stake in SLKB from the current 49 percent to 70 percent.

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

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