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FNM recommends selling 100-percent stakes in heating companies

The most favourable option when privatising the six heating companies owned by the state is to sell 100-percent stakes via public tenders with international participation, the National Property Fund (FNM) has recommended in an analysis drafted in co-operation with the Economy and Finance Ministries. The document is due to be submitted to the next government session.

The most favourable option when privatising the six heating companies owned by the state is to sell 100-percent stakes via public tenders with international participation, the National Property Fund (FNM) has recommended in an analysis drafted in co-operation with the Economy and Finance Ministries. The document is due to be submitted to the next government session.

In the analysis, the FNM evaluated other alternatives, such as selling 67-percent or 51-percent stakes to private investors and transferring the remainder free of charge to the city or town in which each heating company is located. The state currently owns six heating companies, in Bratislava, Trnava, Martin (Žilina Region), Zvolen (Banská Bystrica Region), Žilina and Košice. According to a previous analysis approved by the government in February, it would be more profitable for the state to sell the companies than to receive dividends. The FNM estimated the total market value of the companies to be €160-200 million, the TASR newswire wrote.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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