FOCUS SHORT

Talks on sale of ST share can begin

ECONOMY Minister Tomáš Malatinský was assigned to initiate discussions over the sale of a state-owned stake in Slovak Telekom (ST), the largest telecommunications operator in Slovakia. According to a document adopted by the Slovak government in mid March, Malatinský is to discuss possible further steps related to the sale with representatives of the National Property Fund (FNM), and the majority shareholder in ST, Deutsche Telekom, as well as the management of ST, the SITA newswire reported.

ECONOMY Minister Tomáš Malatinský was assigned to initiate discussions over the sale of a state-owned stake in Slovak Telekom (ST), the largest telecommunications operator in Slovakia. According to a document adopted by the Slovak government in mid March, Malatinský is to discuss possible further steps related to the sale with representatives of the National Property Fund (FNM), and the majority shareholder in ST, Deutsche Telekom, as well as the management of ST, the SITA newswire reported.

Malatinský has until June 30 to suggest to the government what to do with the state-owned minority stake in ST. Since privatisation in 2000, Deutsche Telekom has held a 51-percent stake in ST. A 34-percent stake belongs to the government, represented by the Economy Ministry. The remaining 15 percent is owned by the FNM.

According to the adopted document, the Economy Ministry and the FNM do not have a direct impact on the management and direction of the company in the existing setup of corporate relations in ST, despite a fair relationship with the majority shareholder.

The media has speculated that the Fico government may use revenues from the sale of the minority stake of ST to fund its plan to create a single, state-owned health insurance company.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: IT


Top stories

Massive gatherings remember Kuciak and Kušnírová: We did not forget!

One year after the murder of journalist Ján Kuciak, large protests took place around Slovakia.

Protest gathering in Bratislava, February 21, 2019.

Journalists one year after the murder: We will not forget

More than 420 journalists have signed the statement issued exactly one year after the murder of Ján Kuciak and Martina Kušnírová.

Murder of journalist: We need to see indictments of masterminds soon

International journalists’ organisations are “cautiously optimistic” after meeting investigators of the Kuciak murder.

Ján Kuciak

Ján Kuciak and Martina Kušnírová were murdered one year ago (timeline)

These are the notable moments of the first year since the murder.

Paying tribute to Ján Kuciak and Martina Kušnírová.