Spectator on facebook

Spectator on facebook

Rusko approves Enel as new SE owner

The bidding wars for a 66-percent stake in Slovenské elektrárne are over. Economy Minister Pavol Rusko has selected Italian power producer Enel over two other participants of the tender - Czech ÈEZ and Russian RAO.

Rusko’s recommendation, which coincides with the choice of the privatisation committee, will go before the Slovak government on Wednesday, October 6. The cabinet must first approve Enel as a majority shareholder before contract negotiations between the Slovak government and the Italian investor can start, the Hospodárske noviny daily has reported.

Enel offered €840 million for the 66-percent stake in the Slovak power producer. The investor has indicated that it is prepared to pay 30 percent of the agreed price as an initial installment. The payment is expected to take place at the beginning of next year.

The entire transaction should be accomplished by June 2005.

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

Top stories

End of investigative show a cause for concern

Media freedom watchdogs believe the scrapping of the only investigative show on public-service television is a threat to its independence.

Jaroslav Rezník

Proxy for Roma criticises minister Kaliňák for ethnical and group discrimination

The government proxy slammed Interior Minister Robert Kaliňák for the draft law on repressing criminality in Roma settlements, for populist discrimination and preferring repression to prevention.

Roma communities, illustrative stock photo

Slovak racer Svitko finished at Dakar Video

After a serious fall in the tenth leg, Slovak motorcyclist Štefan Svitko resigned from the 40th year of the Dakar Rally due to pain in his upper body.

Štefan Svitko

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.