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The second largest fund lowers its profit and will probably open itself later

Article Abstract:

Zivnobanka 1.IF (Prague, Czech Republic), investment fund, decreased its net profit to CEK 202 mil in 2000 compared to CEK 635 mil in 1999. The fund's property is worth CEK 2.91 bil. On 16 Feb 2001 the fund had an owned capital of CEK 745.55 per share and a discount of 10.7%. The fund is not able to meet the term of its opening, which is scheduled for 01 Mar 2001.

Publisher: POZITRON
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
Sales, profits & dividends, Zivnobanka 1.IF

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The sale of Slovenska Sporitelna is completed

Article Abstract:

Slovenska sporitelna (SS) (Bratislava, Slovakia), financial institution, has been sold to the bank Erste Bank (EB) (Austria). The sale was completed by the transfer of a 87.18% stake in SS to EB on 05 Apr 2001. The total purchasing price is EUR 425 mil. EB covered 10% of the sum at the beginning of Jan 2001, when it arranged the purchasing contract.

Publisher: POZITRON
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
Acquisitions & mergers, Slovenska Sporitelna A.S., Erste Bank AG (Czech Republic)

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Subjects list: Financial services, Czech Republic
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