Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

FNM will sell Slovak Telekom stocks

THE SLOVAK Property Fund (FNM) will announce a public competition to appoint an adviser on the sale of the state’s 49-percent share in Slovak Telekom (ST). The package will not be sold to ST’s majority shareholder, Deutsche Telekom, the SITA newswire reported.

THE SLOVAK Property Fund (FNM) will announce a public competition to appoint an adviser on the sale of the state’s 49-percent share in Slovak Telekom (ST). The package will not be sold to ST’s majority shareholder, Deutsche Telekom, the SITA newswire reported.

“At the moment, the FNM is preparing details for the competition to choose an adviser on selling the minority stocks through an IPO [a public offer of shares on the stock market],” the FNM’s Miloslav Homola said, as quoted by SITA. FNM announced its decision to accelerate the sale of the state’s shares in ST on September 26, after Deutsche Telekom refused to pay a dividend, valued at €258 million, to Slovakia for the third time.

“This situation only confirmed the correctness of our initiative to persuade the Slovak government that it is not good to remain a shareholder in Slovak Telekom, but that it is more advantageous to sell its minority share as soon as possible,” said Homola, as quoted by SITA.


Top stories

Wooden toothbrushes prompt small-scale industrial revival in Bratislava Photo

To begin with, young enthusiast Roman Kovács just wanted to change his local environment for the better, and to help people.

Roman Kovács wants to renew production of wooden toothbrushes in Bratislava.

Blog: HR Marketing: Not everybody can be Google!

It is important to know who your target audience is and the position you aspire to achieve as an employer on the market.

Illustrative stock photo

The idea of Slovakia

What does this country stand for? Slovaks could – and should – shout a little louder about what they have achieved, and where they want to go.

D1 highway, illutsrative stock photo

Amazon chose Slovakia for its top returns centre Photo

The online retainer lures its future workers by wages and benefits.