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Deloitte & Touche to advise ČEZ in power tender

DELOITTE & Touche, which performed several studies and analyses for the Slovak power producer SE in the past, will be an advisor to ČEZ, the Czech bidder in the ongoing SE tender.

ČEZ is considered to be one of the most promising of the five candidates for the tender.

The Slovak cabinet plans to sell a 66 percent stake in SE. The stake's accounting value is Sk25.2 billion (€607.2 million), the Slovak daily Pravda wrote on January 12.

Gabriel Fischer, the head of the SE supervisory board, suggested that Deloitte & Touche’s past work for SE could create a conflict of interests but the ČEZ spokesman Ladislav Kříž argued that his firm had signed a contract with the Czech, not the Slovak branch of the company.

Economy Minister Pavol Rusko said that "if ČEZ makes steps that we evaluate as wrong, [the firm] will damage its own position [in the tender]."

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

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