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
The European Investment Bank is providing a EUR 718 million strong support for rail transport, electricity distribution as well as energy efficiency and renewable energy in Turkey.
more »
The European Investment Bank (EIB) has approved a EUR 150 million loan for expanding the Port of Barcelona. EIB Vice-President Carlos da Silva Costa and the Chairman of the Barcelona Port Authority, Jordi Valls, signed the finance contract in Catalonia’s capital.
more »
The extent to which hedge funds should be regulated is one of the key issues facing MEPs on the Economic and Monetary Affairs Committee.
more »
The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 73 million) to the Municipality of Plzen (West Bohemia) to implement priority urban regeneration schemes identified in the city’s 2004 Development Plan.
more »
High-speed rails, supporting indigenous people's rights, protecting nature and wildlife, student loan facilities, construction and refurbishment of hospitals and reduction of industrial pollution are just a few projects supported by the European Investment Bank.
more »
The European Commission has authorised, under EC Treaty state aid rules, €14.3 million of aid, which the Slovak authorities intend to grant to Volkswagen Slovakia, belonging to the Volkswagen AG, for the transformation of an existing plant in Bratislava.
more »
MEPs began acting on their new Lisbon Treaty power to co-decide fisheries policy with Member States on 1 December - the day the treaty took effect - with a Fisheries Committee indicative vote on three legislative proposals.
more »
With seasons’ holidays approaching DnB NORD Bankas will offer better cash exchange rates for Great Britain’s pounds, Swedish, Norwegian and Danish krones until 31st December.
more »
The European Investment Bank (EIB) today agreed to provide a EUR 40m loan to FirstRand Bank to promote energy efficiency and renewable energy projects across South Africa.
more »
The European Commission has today approved an application from Lithuania for assistance under the European Globalisation adjustment Fund (EGF).
more »