IN SHORT BUSINESS

Seven companies bid for PPC

ALL seven companies that had previously expressed interest in buying a 90 percent stake of the steam-gas company Paroplynovy Cyklus (PPC) delivered binding offers for the entire company to the state-run privatisation agency the FNM, the TASR news wire reported.

Originally, a public tender was announced for the sale of only 90 percent of PPC. But the Slovak government later decided the stake should be privatised along with the 10 percent minority stake held by the soon-to-be privatised national power utility Slovenské elektrárne (SE).

The SE management announced it would agree to the sale only if the offered price were higher than Sk600 million (€14.7 million).

Two domestic financial groups, J&T and 1. Garantovaná, have confirmed their interest in buying PPC.

According to information published by local media, the potential bidders also include the Czech group PPF; Slovak regional energy distributor ZSE; Energetika Třinec (Czech Republic); E.ON Energie (Germany); Dalkia (France); and Aare-Tessin AG für Elektrizität (Switzerland), in cooperation with Penta, a Slovak financial group.

Shortly after the first offers had been submitted, Slovak Economy Minister Pavol Rusko expressed concern about the conduct of the tender, saying it was leaning towards choosing a winner in advance. He was also unhappy that financial groups were so closely involved.

Top stories

PM Eduard Heger

Non-vaccinated will not pay for tests for work, school or shops

Hundreds of people protested against the amendment that the parliament passed on Sunday morning.


23 h
Dancers perform in the streets of Trenčín, spotlighting the architecture of the city.

Slovakia will open a new institute, this time in Jerusalem

Culture, sports and travel stories rounded up in one place.


23. júl
The Office of the Public Defender of Rights flies the rainbow flag to mark the Bratislava Pride in 2021.

The pandemic has made it clear that we must stand together

International friends and partners of Slovakia celebrate Bratislava Pride.


24. júl

Bratislava Pride will take place online

It will be streamed on July 24 and accompanied by numerous music performances.


22. júl