Cabinet approves privatization of remaining ZSE stake

THE SLOVAK cabinet yesterday approved the completion of the privatization of the remaining 51 percent stake in the western Slovak energy distributor Západoslovenská energetika (ZSE), the Pravda daily wrote.

The cabinet agreed that 41 percent of the stake will go to E.ON Energie, a German company, which already owns a 49-percent stake in ZSE. The remaining 10 percent should be sold on the capital markets.

The price that E.ON Energie will pay for the 41-percent stake was not defined as yet. It will be established in two ways. One price will be calculated on the basis of the price that E.ON paid three years ago when acquiring the 49-percent stake plus market evaluation.

The other price should be established through the current market value of the company. Tatiana Lesajová, spokeswoman with the Slovak privatization agency Fond Národného Majetku, which currently owns the stake, said that the investor would pay the higher of the two prices.

In 2002 E.ON Energie paid Sk14.1 billion (€372 million) for the 49-percent stake.

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

Get daily Slovak news directly to your inbox

Top stories

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar

Dozens of people die of COVID every day. A drop not expected for at least two weeks

People who would otherwise survive may die of other serious diagnoses due to the epidemic.

Illustrative stock photo

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

Volunteering in developing countries is an adventure from beginning to end

Slovak Jozef Baňás spent 12 months volunteering in Georgia.

Jozef Baňás