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Advisor will benefit from the biggest privatization

The sale of the lucrative land of state-owned heating company Bratislavská Teplárenská is helping a private advisor to earn money hand over fist, the Pravda daily wrote on December 27. The company is selling land worth Sk1-2 billion close to the new building of the Slovak National Theatre and the bus station. The company has decided that the buyer has to use the services of consultancy company Colliers International for the next ten years during the area’s development. This will guarantee the consultancy company millions of crowns in earnings.

The sale of the lucrative land of state-owned heating company Bratislavská Teplárenská is helping a private advisor to earn money hand over fist, the Pravda daily wrote on December 27. The company is selling land worth Sk1-2 billion close to the new building of the Slovak National Theatre and the bus station. The company has decided that the buyer has to use the services of consultancy company Colliers International for the next ten years during the area’s development. This will guarantee the consultancy company millions of crowns in earnings.

The prepared sale is the so-far biggest privatization of the Robert Fico government. Experts, however, say that the condition is disadvantageous for the state, as it can reduce the number of bidders and lower their offers.

Compiled by Jana Liptaková from press reports

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

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