Slovak companies dropped from SE privatisation

ONLY eight of the ten companies interested in buying the 49 percent share in power producer Slovenske elektratne (SE) will be seriously considered for the deal, Peter Mitka of PricewaterhouseCoopers, the official advisor for the privatisation, told news wire TASR.

According to a source close to the deal, the rejected bidders are the two Slovak companies, SAVAS of Žilina and Hornonitrianske Bane of Prievidza.

Austrian Verbund, German E.ON, Italy's Enel, British International Power, and Belgian Electrabel are unofficially said to have reconfirmed their bids.

The investors have until December 5 to submit their preliminary bids. The winner of the bid for SE, which has an 85 percent domestic market share of power production, will be made public as of next year, while the completion of the entire privatisation process is expected by the end of 2005.

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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