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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
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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