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Privatization of power producer resumes

The privatisation of a 49-percent stake in Slovak power utility Slovenské Elektrárne (SE) will be announced in print media next week. PricewaterhouseCoopers (PWC) is the official privatisation advisor to the government on this sale, news wire TASR reported.

Nine companies have already expressed interest in bidding for what will be a controlling stake, and a shortlist of the initial offers should be known by the end of the year.

The announcements will appear in British daily The Financial Times, Germany's Handelsblatt, and Slovakia's Hospodárske noviny.

The Economy Ministry decided on the date of publication earlier this week, with the approval of new Economy Minister and ANO party leader Pavol Rusko.

It remains unclear whether SE, Slovakia's largest company, will be sold as a whole or without its nuclear arm. Whereas Czech CEZ company is ready to acquire the entire company, its eight rivals are looking to buy a restructured company with only non-nuclear operations.

Shortlisted bidders will be invited to perform due diligence, before submitting final offers.

Among the potential bidders are Germany's E.ON, Electricite de France, British Energy, International Power (UK), Enel (Italy) and Electrabel (Belgium).

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

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