ENEL from Italy and Czech energy firm ČEZ, the two bidders for a 66-percent stake in power producer Slovenské elektrárne (SE), have extended their offers until December 10, Economy Minister Pavol Rusko confirmed November 29.
Enel was recommended in October by the privatisation commission as the winner of the tender, while ČEZ was the runner-up.
Although the Ministry of Economy has already come to terms with Enel on the transaction, the cabinet has yet to declare a winner.
Rusko said that the final details of the privatisation would be worked out by December and ready for submission to the cabinet.
Enel offered €840 million for the SE stake; ČEZ offered €690 million.
6. Dec 2004 at 0:00 | From press reports