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 September elections.

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