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Government approves EBRD entry into electricity firm

The Slovak government approved the purchase of a 10 percent share in Západoslovenská energetika from German company E.ON by the European Bank for Reconstruction and Development (EBRD).

The EBRD will purchase the shares for €60 million.

As the majority shareholder, the government's approval was necessary for the transfer from E.ON's 49 percent share in the company.

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

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