Autostrade, NFOSiGW skirmish over Stalexport

The effect of the negotiations was seen on Wednesday, at a general assembly of Stalexport's shareholders. By abstaining from voting, NFOSiGW blocked the issue, which Autostrade had planned to use to increase its share from 21.6% to over 50%. Autostrade immediately replied by dismissing NFOSiGW's two members from Stalexport's supervisory board, meaning that NFOSiGW now has no members on the board and hence no influence over Stalexport. Autostrade then came to agreement with two other shareholders, Julius Baer Equity Fund and Julius Baer Investment Management LLC, which together hold 10.35% of the firm. Their representative, Jeffrey Gardy, has been appointed to the supervisory board. (Puls Biznesu, p. 12) M.M.