CSFB points to November debate on SPP sale

Credit Suisse First Boston, the advisor to the government on the sale of gas utility Slovenský plynárenský priemysel (SPP), has said the government could debate a draft decision on the sale of a 49% stake this November.

The sale of the stake is expected to bring the state billions of dollars in privatisation revenues, but has run behind original government privatisation schedules. The sale process was supposed to have finished by the end of the first half of this year, but has been repeatedly put back.

CSFB representatives said the tender process could begin this month, with a November date for selection of the winner.

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