Slovenia has halted the privatisation of the state-owned steelworks Slovenske Zelezarne because bids were lower than expected, the head of the country's privatisation commission says
Published:
9 September 2003 y., Tuesday
Slovenia has halted the privatisation of the state-owned steelworks Slovenske Zelezarne because bids were lower than expected, the head of the country's privatisation commission says.
The Slovenian government started privatising Slovenske Zelezarne in 2001 with the hope of selling a majority stake in the steelworks for more than tolars (38.4 million euros, 42.8 million dollars) by the end of 2003.
Foreign and domestic bidders earlier this year had presented binding bids to acquire 80% of Slovenske Zelezarne's core facilities: the Acroni and Metal Ravne plants and the industrial blades maker Nozi Ravne.
Italy's Valbruna was among the shortlisted bidders for Acroni, Slovenia's largest steelplant, while Austrian company Intecom had put in a bid for a majority stake in Metal.
Germany's IKS Klingelnberg and Euco Industriemesser, Dutch Asko and US Kinetic had made offers for Nozi Ravne.
Slovenia, a former Yugoslav republic of two million people, is set to join the European Union in May 2004.
The European Commission has urged the government to speed up the privatisation of the steelworks, the state telecommunications network and other state-owned enterprises.
Šaltinis:
bday.co.za
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009.
more »
Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April.
more »
EU opens public debate on its agricultural policy, the prelude to a major reform in 2013.
more »
The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme.
more »
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States.
more »
The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main.
more »
Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets.
more »
World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn.
more »
On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia.
more »
The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.
more »