The European Commission has previously had the same or similar complaint in regards to OKD and nothing was found illegal in 2011”.
Brussels, 13/07/2011 C (2011) 4927
State aid No SA.25076 (2011/NN) – Czech Republic Privatisation of OKD a.s. to Karbon Invest a.s.
Note: 45.88 % of OKD's shares to Karbon Invest did not contain any State aid elements within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.
https://www.docdroid.net/YqgELJa/okd-in-2004-european-commission-no-illegal-state-aid-report.pdf
On the last page it reads: 4. DECISION
The European Commission finds accordingly that the sale by the Czech Republic of a minority
shareholding of 45.88 % of OKD's shares to Karbon Invest did not contain any State aid elements
within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.!.
NO STATE AID FOUND!.
www.indexmundi.com/commodities/?commodity=coal-aus ... - Australian Newcastle thermal coal 6300Kcal Monthly Price - US Dollars per Metric Ton
Hold mouse cursor over chart for prices and scroll lower for thermal coal price chart in 2004.
December 2003 thermal coal went from34usd -to 61.38usd a tonne inJuly 2004. That's over 80% increase in pricing in 7 month’s back in 2004.
1. https://postimg.org/image/8k4k7jonv/ -DES ARA EUROPE 6000Kcal thermal coal peak in 2004 close to 80usd a tonne. OKD valued at 4.1 billion or 9.8 billion CZK?. Depends if you speculate on coal spot markets???!!!.
2. https://postimg.org/image/g1drmi6ej/
3. https://postimg.org/image/ai6mrowvv/
https://www.macquarieresearch.com/rp/d/r/p/_MTAxMjIxMg?u=MjcwODU -Macquarie Commodities Research above chart taken from this report.
https://www.change.org/p/we-urge-the-regulators-esma-european-securities-and-markets-authority-and-the-european-commission-to-investigate-the-misleading-and-unfair-and-corrupt-business-practices-of-new-world-resources/u/22024554