SPP buyer known next year

An investor for gas company SPP may not be known until February next year, advisers on the sale Credait-Suisse First Boston has said.

The nine companies which have been carrying out due diligence in SPP will need more time to set up consortia, privatisation adviser Credit Suisse First Boston (CSFB) representative Matty Vengerik said November 19.

"We are advising the government not to let itself be pressed by time," he added. The original deadline for selecting an investor had been set at the end of this year.

Speaking at an investment conference in Bratislava November 19 Deputy PM Ivan Mikloš reaffirmed the government's commitment to selling off its largest companies, including SPP. He also said power company SE would be sold next year.

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