Cargo sale - two bidders out

THE FIGHT for the 100-percent stake in Slovakia's railway cargo transportation company - ZSSK Cargo Slovakia is heating up. In June 2005, 14 companies submitted preliminary bids for the profitable firm, and eight were shortlist.

According to the Hospodárske noviny business daily, unofficial information now suggests that two of them, not named, will not submit binding bids, which are expected by January 20.

The privatization advisor, PricewaterhouseCoopers, does not expect, however,
that the decreased number of bidders will have a negative impact on the purchasing prices. Slovakia wants to gain Sk15-20 billion (€383-510 million) from the cargo sale.

The money will be used for the elimination of debts of the passenger railway transportation company ZSSK as well as railway network operator ŽSR.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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