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Sale of heating firms to start in 2005

THE NATIONAL Property Fund (FNM) will begin the sale of majority stakes in six Slovak heat suppliers in November, the daily Pravda reported.

It will be the biggest sale of state property started this year with the proceeds expected to reach Sk4-5 billion (€104 to 130 million).

The state will offer for sale 51-percent stakes in heat supply companies in Bratislava, Košice, Žilina, Zvolen, Martin, and Trnava. More than 10 companies have already expressed interest in buying the stakes, including Slovak gas utility SPP, German

company VNG, French Dalkia, as well as local financial firms Penta and Slavia Capital.

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