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IN SHORT

Cabinet begins sale of airports

THE GOVERNMENT has started the privatization of the two largest airports in Slovakia by publishing an advert in the media inviting potential investors to express an interest in the purchase of a 66-percent stake in M R Štefánik International Airport Bratislava and Košice Airport, the daily SME reported.

A deadline of August 15 has been set for potential bidders to submit the necessary documentation to government privatization advisor Meinl Bank AG, the SITA news wire wrote.

Potential investors should submit company data as well as details of any experience in running an international airport.

The potential bidders will receive the tender rules and sign a confidentiality agreement. They will then submit their preliminary bids for one or both of the airports.

Once the 66-percent is sold, regional governments and municipalities will be allocated 10 percent shares for free, and 14 percent will remain in state hands.

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