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Slovakia to suspend planned privatisation of state heating companies

The National Property Fund (FNM), Slovakia’s privatisation agency, will indefinitely suspend privatisation of several companies in which the state holds ownership interest, the TASR newswire reported on Friday, October 14.

The National Property Fund (FNM), Slovakia’s privatisation agency, will indefinitely suspend privatisation of several companies in which the state holds ownership interest, the TASR newswire reported on Friday, October 14.

“Currently, the privatisation process of most companies is only in the initial phase of announcing international tenders for privatisation advisors,” said the spokesperson for FNM, Miloslav Homola, as quoted by TASR.

The spokesperson added that for the sale of the state-owned heating companies, the process of selecting an advisor for their sale has not gone beyond evaluation of submitted bids and that an electronic auction has not been carried out.

Homola also stated this decision will have no impact on the FNM in terms of legal or financial commitments.

The ruling government planned to privatise several companies, including six heating plants in Bratislava, Trnava, Žilina, Martin, Zvolen and Košice, as well as to sell its minority share in the Slovak Bus Transport (SAD) and Slovak Telekom.

Source: TASR

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

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