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State plans to sell assets worth over Sk100 billion

THE SLOVAK cabinet plans to complete the privatisation of a series of state owned, or partially privatised companies, including energy distribution firms, heating companies, and railway transportation firms, by the end of its term in autumn 2006.

According to an approved privatisation plan, state stakes worth over Sk100 billion (€2.5billion) should be sold, Pravda daily wrote.

The biggest asset to be sold is the power producer Slovenské elektrárne (SE), of which a 66 percent stake should go to the Italian Enel for Sk33.7 billion (€844 million). Energy distribution companies ZSE, SSE, and VSE should see the completion of the privatisation of 51 percent stakes as well as the six biggest Slovak heating companies and the ZSSK Cargo company, which will be created as of January 2005 by splitting the current ZSSK firm into cargo and passenger transportation firms.

The state also plans to sell Bratislava airport, and stakes in 17 bus companies.

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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