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State wins Transpetrol ruling

THE Bratislava district court ruled January 28 that the state-owned oil pipeline operator Transpetrol does not have to pay CSI – CD Sk9.35 million (€240.000) in compensation.

According to the court CSI-CD was not involved in the earlier legal action where 34 percent shares of Transpetrol had to be returned to the state.

Vranov-based CSI – CD, controlled by Ignác Ilčišin, is one of eight corporations suing the state for a total Sk150.3 million (€3.8 million) in compensation.

The ruling overcomes one of the threats where 34 percent of the state's stake in Transpetrol could be transferred to CSI-CD.

The danger that the state could lose its shares in Transpetrol, however, is still very real, the Pravda daily reports.

Compiled by Magdalena MacLeod from press reports
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