The Commission has established that the agreement on the transfer of the hotel company's shares from the HFP to the two holdings would have gone into force if it had been approved by the government, which was one of the provisions from the agreement.
Since the agreement was not approved by the government, it became legally void, Ficor said, adding that this had been confirmed by the State Prosecutor's Office as the government's legal representative.
The agreement between the HFP and SN Holding was signed in August this year to settle the two companies' claims towards the state dating back to the process of voucher privatisation.
The Commission also ordered that the Central Depositary Agency annul the transfer of the hotel company's shares to the two holding companies and transfer them back to the HFP's account.