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BUSINESS BRIEFS

New investor in SE tender

THE CABINET's adviser in the privatisation of the Slovenské elektrárne (SE) power producer, PricewaterhouseCoopers, has confirmed a report, published in the Slovak daily Hospodárske noviny, that a new participant has entered the tender.

It is believed that the new investor is the Italian firm Enel, but Peter Mitka from PricewaterhouseCoopers would not confirm the information.

The Slovak cabinet is offering the sale of 66 percent of SE to a private investor; cabinet officials, such as Economy Minister Pavol Rusko, has said that the government would prefer to sell the SE as a whole, including its nuclear assets.

Currently, there are five bidders in the SE tender. Due diligence in the company is underway. The remaining four competitors include the Czech power producer ČEZ, the Russian RAO UES, German E.ON, and Austrian Verbund.

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