SGDB sells its share in VUB Factoring for a symbolic Skk1


The Slovak Guarantee and Development Bank (SGDB) is selling its 1.3 % share in VUB Factoring Inc. to VUB Bank Inc. for 1 crown (Skk). The sale was approved by the general assembly of SGDB on 29 September.

The price was agreed during negotiations between the Slovak Consolidation Bank and VUB. The sale results from Ministry of Finance rulings on the administration of shareholders regulations in corporations with 100% state-owned capital.

Source: Hospodarske Noviny



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Posted on Oct 6, 2003
Region: Slovakia