Business Briefs

Vincent Pillar appointed SE general director
SPP: Privatisation plans moving forward
Poštová banka stake to go to state at par value

Vincent Pillar appointed SE general director

Vincent Pillar, the former general director of regional electricity distributor Východoslovenské energetické závody Košice, was elected the new general director of Slovakia's national energy utility Slovenské elektrárne (SE) June 13. The company's shareholders will decide at the end of the month whether Pillar will also become the head of the SE board of directors.
A special shareholders meeting on March 14 dismissed Štefan Košovan from the post of chairman of the SE board of directors, and on March 16 the Economy Minister, Ľubomír Harach, dismissed him from the post of general director. Harach said the dismissal followed an internal audit that indicated shortcomings in procurement, financial discipline, and financial management at the firm.


SPP: Privatisation plans moving forward

Representatives of gas utility Slovenský plynárenský priemysel (SPP) said June 12 that the company's privatisation was moving forward after talks with European gas company heads at the 21st World Gas Congress in Nice last week.
SPP's Helena Polákova said that the director general of Gaz de France, Jacques Deyirmendjian, had confirmed that his company was willing to support the proposed construction of a southern branch of the Yamal pipeline from Russia via Slovakia if it took a 34% stake in SPP. Gaz de France was interested in the stake as part of a consortium or partnership with other European gas companies, Deyirmendjian said.


Poštová banka stake to go to state at par value

The cabinet June 9 decided that the shares in Poštová banka held by the state through state-owned telecoms monopoly Slovenské telekommunikácie (ST) would be transferred to either the Telecom Ministry or the Finance Ministry. The cabinet will decide later which of these two ministries would obtain the stake.


Compiled by Ed Holt
from SITA

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