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Government: Sk16 billion in SPP dividends to be paid out

The Government decided at its meeting on August 8 that dividends amounting to Sk16 billion (€480 million) will be paid out by gas utility Slovenský Plynárenský Priemysel (SPP).

The sum was agreed on with SPP's foreign owners. Slovakia owns a 51-percent stake in SPP, with the rest of the shares held by Gaz de France and Ruhrgas. Economy Minister Ľubomír Jahnátek said after the government session that the sum paid out in dividends won't influence SPP costs, meaning that consumer charges won't be affected.

The minister didn't give an exact date when the dividends will be paid out, but did say that it should be this year.

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