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Deloitte & Touche to advise power tender

DELOITTE & Touche, which has performed several studies and analyses for the Slovak power producer Slovenské elektrárne (SE), will be an adviser to ČEZ, the Czech power producer that is one of the five bidders in the ongoing SE tender.

The Slovak cabinet plans to sell a 66 percent stake in SE. The stake's account 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 interest, but 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, "if ČEZ takes steps that we determine to be wrong, [the firm] will damage its own position [in the tender]."

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