Gazprom to buy 16.3 per cent of SPP

Russian gas company Gazprom says it wants to use its option to purchase 16.3 percent of Slovak gas company Slovenské plynárnský priemysel (SPP) by the end of this year, according to Moscow daily Vedomosti. The price of its stake is estimated at $900 million (837 million euro).

In SPP's initial privatisation, a consortium of Ruhrgas, Gaz de France, and Gazprom agreed a price of $2.7 billion (2.5 billion euro), but only Ruhrgas and Gaz de France paid their shares. Due to financial problems within the company, Gazprom was given an option to put off the purchase of its share until 2004.

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

Get daily Slovak news directly to your inbox

Top stories

News digest: Penta partner Haščák reportedly charged with corruption after a police raid

Anti-communist fighters will receive pensions. Sunk tugboat being drawn out of the water.

Jaroslav Haščák

Car industry needs to jump on the latest trends

Economy minister promises extensive support for hydrogen technologies in Slovakia.

The Hydrogen Technology Research Centre (CVVT) is to be launched at the end of 2020 or beginning of 2021 in Košice to do R&D in this field.

Responsibility goes hand in hand with EU advantages, says President Čaputová

President Zuzana Čaputová spoke with Vice President of the European Commission for Values and Transparency, Věra Jourová.

President Zuzana Čaputová

Half of all parents lack time to help their children with distance learning

Some have a hard time motivating their children, others do not understand the curriculum.