Spectator on facebook

Spectator on facebook

Antimonopoly Office approves J&T's purchase of Poštová Banka shares

Financial group J&T can finally acquire the majority stake in Poštová Banka, as the Antimonopoly Office (PMÚ) approved the purchase, the TASR newswire learned on Monday, April 29.

Financial group J&T can finally acquire the majority stake in Poštová Banka, as the Antimonopoly Office (PMÚ) approved the purchase, the TASR newswire learned on Monday, April 29.

"The transaction has been approved by all the relevant regulatory offices, so it'll be carried out in the upcoming days," said J&T external and internal communication department head Nikol Kubaská. Thus, the group will acquire a 88.055-percent of the share capital and voting rights in the bank – the origins of which date back to 1918 and which was privatised in 2001. Both sides agreed to the deal in 2011. Poštová Banka invested hundreds of millions of euros in Greek bonds in 2010 and had to write off €275 million after the Greek debt restructuring. Before this write-off, it acquired financial means of a similar amount from J&T in return for an increase in the group's stake in the bank. The Slovak central bank (NBS) okayed the increase in the stake in the autumn of 2012.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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.

Top stories

Lajčák considers resignation if the migration compact is rejected

The foreign affairs minister also admitted to some disputes with PM Robert Fico.

Foreign Affairs Minister Miroslav Lajčák

How to cope with waste

Slovakia lags behind in recycling and reducing waste, but examples of other countries, particularly the Netherlands, are helping Slovakia implement strategies to reduce waste.

Roughly 67 percent of communal waste ended up at landfills in Slovakia, while only 23 percent was recycled.

The Burning Hell have warmed to Slovakia Video

There is one place in particular that the Canadian musicians have a soft spot for.

The Burning Hell will perform in Bratislava and in Banská Štiavnica.

Automotive industry and e-commerce drive the industrial sector

Western Slovakia with Bratislava remains the strongest locality.

Prologis Park Bratislava