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FNM suspends privatisations

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

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

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

He added that for the previously planned sale of six state-owned central heating companies, the process of selecting an adviser for the sale had not gone beyond evaluation of submitted bids.

Homola said that the FNM’s decision to suspend these sales would have no impact on its legal or financial commitments.


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