Finance Ministry to raise its stake in ČSA

The Finance Ministry will raise its stake in national air carrier Czech Airlines (ČSA) ahead of its privatisation as the Slovak National Property Fund and the city of Bratislava are selling their stakes in the company, the daily Hospodařské noviny reported on Wednesday. A contract with the Slovak National Property Fund, which holds 0.24 percent in ČSA, has already been prepared for approval by ČSA's board of directors. The ministry has decided to use its first-option right to 613 out of the 670 offered shares.