SE not to be sold until after September 2002

Economy Minister Ľubomír Harach predicts that three state-owned energy distribution companies will likely see the entry of foreign investors by next June, while the main energy producer, Slovenské elektrárne (Slovak Electric - SE), will probably not be in private hands before elections next September.

An official from SE said that the firm's creditors agree with its division into three separate companies prior to its planned sale next year. The division is scheduled to take place November 1. The privatisation of a 49% stake in SE cannot go ahead until the firm is broken up into the three divisions.

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