At a regular session Wednesday, the Slovak cabinet cancelled indefinitely the sale of a 66-per-cent stake in...
At a regular session Wednesday, the Slovak cabinet cancelled indefinitely the sale of a 66-per-cent stake in Bratislava Airport, Transport Minister Lubomir Vazny, author of the proposal, said.
Thus, the cabinet overturned a deal, which the former government sealed with Vienna Airport-led TwoOne consortium in February this year. Uncertainty veiled the deal since August when the newly-appointed government of Premier Robert Fico first spoke of the possibility to annul the deal citing formal shortcomings in the sales contract.
Later, the local antimonopoly office sustained the cabinets stance and refused to hail the transaction saying proximity between Bratislava and Vienna airports represented concentration of activity and would hurt competition in the regional air traffic market.
The news prompted huge international outcry, while critics at home and abroad said the deals cancellation would send negative signals to the international investor community.
Vazny said after the session the cabinet would seek for ways to develop the airport with state funds.