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Minister warns on Transpetrol takeover

ECONOMY Minister Pavol Rusko warned his ruling coalition colleagues that the state might lose its majority share in oil pipeline operator Transpetrol, reported the financial daily Hospodárske noviny.

According to Rusko, the company might slip into the hands of a company from Eastern Slovakia, the Vranov-based Ilas, owned by Ignác Ilčišin.

The Prešov Regional Court earlier decided that Ilas is eligible for a 34-percent share package.

The Economy Ministry appealed the decision of the Prešov court at the Supreme Court. The Supreme Court has already decided in favour of Ilcisin twice before.

The history of the case goes back to May 1995 when due to a bureaucratic mistake, the Ilas’ was illegally overtaken by the tax authorities.

Rusko said the Ilas case is another landmine laid by the Mečiar regime and that is might result in the loss of lucrative assets.

Compiled by Beata Balogová from press reports
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