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SE bids face inspection

TODAY, for the first time, a privatisation commission will look into the offers of three companies bidding on a 66 percent stake of the power producer Slovenské elektrárne (SE).

The three companies include Czech ČEZ, Russian RAO UES, and Italian Enel. According to Robert Fico, the chairman of the opposition party Smer, Enel is offering Sk40 billion (€1 billion) for the SE stake, ČEZ's offer is Sk31 billion (€775 million), and the Russians are offering Sk19 billion (€475 million), the Pravda daily wrote.

The figures have not been officially confirmed.

Privatisation advisor PricewaterhouseCoopers may recommend a single preferred candidate to the privatisation commission or it can also ask the commission to open a new round of talks with more investors to explain their bids more closely.

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

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