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SE sale plan approved

The cabinet on May 29 formally approved a plan to sell a minority stake in energy utility Slovenské elektrárne (SE). The plan, submitted by the Economy Ministry, contains two variants: hiving off some SE properties, such as nuclear plants, and selling them individually, or selling a stake in SE as it is structured today.

The plan was prepared by privatisation advisor PriceWaterhousecoopers. Investors are to indicate which sale option they prefer when submitting non-binding offers. It is expected that the eventual sale will be conducted by a new government that takes office after expected September elections.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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