ARTICLE · 14 FEBRUARY 1996
Czech News - Sept 95 - Privatization of Key State Participations
The Ministry of Industry and Trade stated that is the Ministry's intention to dispose of shares of companies where the state is a major shareholder before elections in 1996. The Ministry still "owns" major shares in 597 companies whose assets are valued at 65 bil. Kc. The relinquishing of "state" control should occur for such companies as Toinecke elezarny (ironworks), Spolana (chemical industry), Vitkovice and Nova hu (steel manufacturing).
The majority shareholding by the state will, however, be kept in five key companies involved in production of energy (EEZ) and petrol and gas transportation.
The information in this newsletter is correct to the best of our knowledge and belief at the time of going to press. Specific advice should be sought, however, before investment and other decisions are made.
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