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Negotiations with Enel stall

Economy minister Pavol Rusko says that too many issues remain unresolved in the negotiations with Enel to take over Slovakia's major power producer, Slovenské elektrárne, even though the Italians are the cabinet's preferred buyer, wrote the daily SME.

Rusko warned that he may have to halt negotiations with Enel and turn to Czech producer CEZ instead. This is despite a Czech bid of EUR 150 million less than the Italian's.

CEZ says it is ready to start negotiations any time the Slovaks are ready.

Rusko told journalists that talks with Enel have been going on for two weeks, but the Italians are not open to compromise.

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

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