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PM Radičová says cities to get 5 percent ownership of privatised heating plants

Municipalities are to own 5 percent shares in the six heating plants that will be privatised, said Prime Minister Iveta Radičová after the government session on April 6, the TASR newswire reported. "Shares will be transferred to towns where the heating plants have their seats," Radičová said, as quoted by TASR, adding that the municipalities are also to gain power to summon general assemblies and they as well will have representation on supervisory boards of these companies.

Municipalities are to own 5 percent shares in the six heating plants that will be privatised, said Prime Minister Iveta Radičová after the government session on April 6, the TASR newswire reported.

"Shares will be transferred to towns where the heating plants have their seats," Radičová said, as quoted by TASR, adding that the municipalities are also to gain power to summon general assemblies and they as well will have representation on supervisory boards of these companies.

The prime minister noted that none of the six cities – Bratislava, Trnava, Martin, Zvolen, Žilina and Košice – have enough resources to invest in the heating plants as this is expected to reach a total of €740 million.

"I hope we're going to get a solid partner," the prime minister said.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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