Enel approved as SE's strategic investor

SLOVAKIA will start talks on the privatisation of a 66 percent stake in Slovenske elektrarne (SE) power producer with Italian company Enel, the cabinet decided yesterday.

Italians offered €840 million (Sk33.6 billion) for the SE stake. The cabinet should hold talks with Enel on the conditions of the privatisation contract as well as the transaction documents by November 21.

Economy Minister Pavol Rusko will represent Slovakia in those talks. The cabinet entitled him to stop talks with Enel should the company not be majority owned by private shareholders by the date of the signing of the privatisation treaty, the SME daily reported.

Currently, Enel is 51 percent owned by the Italian cabinet but it recently stated that it was going to sell a part of that stake to private investors.

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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