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Bidders begin due diligence at SE

FIVE bidders for the 66 percent stake of the Slovak power producer Slovenské Elektrárne (SE) started due diligence at the company last week, Peter Mitka from the cabinet’s SE privatisation advisor, PricewaterhouseCoopers, said.

According to the Slovak economic daily Hospodárske noviny, the bidders include the German E.ON, Czech ČEZ, Russian RAO UESR, British firm International Power, and US company AES.

Mitka said that the majority of the bidders were interested in all of SE’s assets, including the nuclear units.

He also said that two unnamed financial investors could still enter the privatisation process by creating a consortium with some of the current bidders.

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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