PPC winner announced

THE NATIONAL Property Fund (FNM) named PPC Holding the winner of the tender for the 90 percent stake in the lucrative steam and gas company PPC.

PPC Holding entered the tender for the PPC with the Swiss group Aare Tessin fur Electricitat (ATEL). PPC Holding is a subsidiary of the firm VSŽ Košice, which in turn is 90 percent owned by the financial group Penta, the Slovak economic daily Hospodárske noviny wrote.

FNM representatives said that the purchase price for PPC exceeded three times the value of the nominal value of the firm's shares on offer. The sum would then exceed Sk2 billion (€49.3 million).

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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