Russian bidders in SE privatisation

RUSSIAN energy holding RAO JES and gas giant Gazprom confirmed for the Russian press their interest in buying a stake in the Slovak power generator Slovenské elektrárne (SE).

The SE privatization tender, in which the sale of an at least 49-percent stake is expected, was opened last week.

The Russian firms did not rule out the possibility of creating an alliance for the privatisation bid.

Economy Minister Pavol Rusko, member of the New Citizen's Alliance, has said the sale of Slovakia's largest company should be concluded no later than the end of 2005.

At least a dozen companies are expected to bid for the SE stake.

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