Slovenské elektrárne sold

SLOVAK power producer Slovenské elektrárne (SE) was sold to the Italian Enel yesterday,.

The Italian company sent Sk31.3 billion to a state account at ING Bank for the 66 percent stake in SE, which is the second largest power producer in Central Europe. In turn, the Slovak National Property Fund (FNM) transferred the shares to the buyer, the Hospodárske noviny daily wrote.

Before the transaction was concluded, the current general director of SE, Miroslav Pikus, was removed from his post. According to Hospodárske noviny, Enel's area manager, Marco Arcelli, should take over as the new SE director.

The Italians have pledged to invest Sk70.8 billion (€1.9 billion) in Slovakia by 2013. It remains unclear whether the sum also includes money required for the completion of the Mochovce nuclear power plant. It is also unclear whether the Italians plan to complete this plant at all.

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Owls indicate spring is coming

Male owls lured by bird calls fly in to take a look at the intruder.

Long-eared owl

Five facts you need to know about road closures in Bratislava

Closures of frequently used roads will complicate traffic in the Slovak capital.

Traffic in Bratislava will get complicated as of February 15.

Constitutional Court forced to follow plan B

The court now has only four active judges and has published new work schedule.

Constitutional Court in Košice

Blog: Regional development as the key to unlock regional potential

A practical overview of the variety of measures, schemes and instruments supporting regional development and the recent changes to the legislative framework.