The Office approved exemption for VÁLCOVNY PLECHU

26 Feb 2003

On the basis of application from the Ministry of Finance, the Office approved exemption from the prohibition of state aid in favour of the company VÁLCOVNY PLECHU, a.s.

The exemption concerns capitalisation of receivables of Czech Consolidation Agency and its subsidiary Konpo, s.r.o. amounting in total to 291,760,000 CZK by acquiring a share in the basic assets of the company VÁLCOVNY PLECHU.

Press and Information Department