Wednesday, 23 April 2014

FinMin holds over 40% stake in 28 companies in 2012

ČTK |
16 January 2013

Prague, Jan 15 (CTK) - The Finance Ministry held over 40 percent in 28 companies last year, including CEZ, Cesky Aeroholding and Cepro, and in 2012 newly acquired the shares of companies Porcelan Holding in liquidation and Bohemia Crystalex Trading, according to info published on the ministry's website.

The ministry thus held more than Kc105bn in share capital of domestic companies. Apart from it, it also has over a 96 percent share in Slovenian paper company Vipap videm Krsko with share capital worth some EUR75.6m (almost Kc2bn).

In 2011 the ministry also held over 40 percent of shares of 28 companies, while during the year the companies Junia and Pal, both in liquidation, disappeared.

The ministry holds 69.37 percent in power company CEZ whose shares are traded on the Prague Stock Exchange (BCPP). It owns 40 percent in export guarantee and insurance company EGAP and 42.6 percent in the Czech Export Bank.

In companies Cepro, Cesky Aerholding, MERO and Explosia, for example, it holds 100 percent.

List of joint-stock companies controlled by the Finance Ministry with a stake at 40 to 100 percent from Jan 1, 2012 to Dec 31, 2012:

Company Share capital (Kc thous.) FinMin's share (Kc thous.) FinMin's share (pct)
EGAP 1,300,000 520,000 40.00
Severoceske mlekarny Teplice in bankruptcy 30,228 12,326 40.78
Czech Export Bank 4,000,000 1,664,000 41.60
Ormilk in bankruptcy 183,070 86,028 46.99
Municipalni financni spolecnost (MUFIS) 1,000 490 49.00
PORCELAN HOLDING in liquidation 344,068 172,034 50.00 shares acquired on Nov 23,2012
CMFL 1,450,000 750,000 51.72 removed from Companies Register on March 27,2012
CEZ 53,798,975,900 37,319,767,100 69.37
BH CAPITAL in liquidation 408,099 293,363 71.89 in liquidation since July 1,2012
Czech Aeronautical Research Institute 750,968 692,107 92.16
Czech Airlines (CSA) 5,235.510 5,009,850 95.69 FinMin's stake transferred to Cesky Aeroholding as of Aug 1,
VIPAP VIDEM KRSKO EUR 78,387,660 EUR 75,644,092 96.50 based in Slovenia
HOLDING KLADNO in liquidation 7,500,000 7,263,533 96.85
Bohemia Crystalex Trading 2,243,000 2,180,000 97.19 bankruptcy since March 16, 2009, acquisition of shares on Nov 23,2012
CEPRO 5,660,000 5,660,000 100.00
Cesky Aeroholding 27,044,198 27,044,198 100.00
Explosia 1,165,000 1,165,000 100.00
Galileo Real 2,466,000 2,466,000 100.00
Hotelinvest in bankruptcy 230,000 230,000 100.00
IMOB 2,200 2,200 100.00
JUNIOR centrum in liquidation 224,950,964 224,950,964 100.00
Letiste Praha 2,512,227,100 2,512,227,100 100.00 FinMin's stake transferred as of March 19, 2012 to Cesky Aeroholding
MERO CR 8,430,921 8,430,921 100.00
PPP Centrum 37,469 37,469 100.00
PRISKO 794,760 794,760 100.00
STAVOCENTRAL in liquidation 85,730 85,730 100.00
STROJIRNY TATRA PRAHA in liquidation 62,778 62,778 100.00
THERMAL - F 499,550 499,550 100.00

Source: Finance Ministry

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