BUSINESS BRIEFS

Government approves EBRD purchase

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 pay €60 million for the shares.

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

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