Nov. 3, 2000 (Prague Business Journal)—The State Privatization and Holding Co. (ÁPV Rt) has called a two-round public bidding for a 2.88% stake in the Budapest Power Plant Rt.

The nominal value of the stake is Ft 413.65 million. Bids are to be submitted before Dec. 4. ÁPV invited bids for the same stake last year, but the bidding was unsuccessful.

The company had net sales revenue of Ft 24 billion last year, just as in the previous year, and pre-tax profit totaled Ft 1.4 billion in 1999, Ft 110 million up on one year earlier.

The company was privatized in 1997 when a Finnish-Japanese consortium, IVO-Tomen, bought 73.7% of its shares for $47 million. (Econews)

2000, Prague Business Journal