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Government to sell SE this week

ITALIAN energy giant Enel should take over Slovakia's dominant power producer Slovenské elektrárne (SE) by the end of the week, the Economy Ministry confirmed for the Pravda daily.

Enel will gain a 66 percent stake for €840 million (Sk31.3 billion).

However, the decision on how to distribute the privatization proceeds will have to be left up to the new government. Since the revenue goes above this year's budget for the National Property Fund (FNM), the government, as well as parliament, will have to approve the proceeds. Parliament’s last working session took place last week, though, and no special session to discuss the SE privatization has been planned.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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