Spectator on facebook

Spectator on facebook

FOCUS SHORT

Italians selling shares in Kosit

ITALIAN shareholders are leaving the Košice-based waste management company Kosit. They are selling their 66-percent stake in Kosit to the investment group Wood & Co for over €14.2 million, the SITA newswire wrote on June 16. The city of Košice, which holds the remaining 34 percent stake, has not used its pre-emptive right, but has kept its minority stake. The whole transaction is taking place under the auspices of UBS bank. Until the whole transaction is over, Italian investors cannot provide any detailed information.

ITALIAN shareholders are leaving the Košice-based waste management company Kosit. They are selling their 66-percent stake in Kosit to the investment group Wood & Co for over €14.2 million, the SITA newswire wrote on June 16. The city of Košice, which holds the remaining 34 percent stake, has not used its pre-emptive right, but has kept its minority stake. The whole transaction is taking place under the auspices of UBS bank. Until the whole transaction is over, Italian investors cannot provide any detailed information.

Kosit was launched in 2001 based on a project of Košice city, which held an international tender to sell its incinerating plant. The winner of the tender launched with the Košice city council a joint-stock company to collect and dispose of municipal waste as well as to provide regular summer and winter road and street maintenance.

Kosit is one of the five most significant companies active in this field in Slovakia. For the time being, it provides services to about 260,000 citizens of eastern Slovakia and for around 500 business entities. It handles annually more than 80,000 tonnes of waste. The company employs more than 400 people.

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.

Topic: Foreigners in Slovakia


Top stories

Fallen lines and engine fires: Slovak trains are not without incidents Photo

Slovak rail carrier ZSSK is facing a massive wave of criticism after some recent accidents.

Fire on a train between Šaľa and Galanta.

Rules for hiring foreigners are simpler. For exceptions

Despite positive changes, employers still point to some barriers preventing more effective and simpler recruitment of foreign workers.

Some problems with Foreigners’ Police continue.

For a Decent Slovakia protests to resume on Friday

After a summer break, organisers of the protests that have drawn masses to Slovakia’s streets stated that their – and the citizens’ – demands are far from being met.

For A Decent Slovakia march on June 22, 2018, in Bratislava.

Indentikit picture released in murder case of Ján Kuciak may have bourne fruit

A mason from the village where the murdered journalist and his fiancée were found claims he knows the man from the identikit who is wanted for questioning.

Identikit of the man wanted as a witness in the case of Ján Kuciak murder