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Cabinet hopes to complete ZSE privatization by year’s end

THE CABINET wants get about Sk15 billion (€385 million) from the privatization of 51 percent of energy distribution company Západoslovenská energetika (ZSE). Currently, only 49 percent of ZSE is in the hands of private investors and the rest is still in the hands of the state.

The daily Pravda discovered the information in a secret document submitted to the cabinet on October 5.

"The end of the year is realistic for finalizing the privatization of 51 percent if the contracts are signed as soon as possible,” Katarína Pecnová of Salans, the company that is acting as an advisor to the economy minister on the transaction.



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

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