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Cabinet to offer 51 percent in heating firms for sale

THE CABINET approved the format for the sale of heating plants in Bratislava, Trnava, Martin, Žilina and Zvolen, deciding that 51 percent stakes will be sold to strategic investors, the SITA news agency reported.

Finance Minister Ivan Mikloš told journalists after the cabinet's session on September 7 that the remaining 49 percent would for the time being remain in the hands of the National Property Fund (FNM).

"The decision will be made in near future whether 49 percent of shares will be transferred to the municipalities or some shares will be offered to strategic investors," said Mikloš. However, according to him, local municipalities are expected to receive at least 34 percent of the heating plants' shares, free of charge.

Compiled by Martina Jurinová from press reports
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