Spectator on facebook

Spectator on facebook

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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Kio li estas? Liptov welcomed Esperanto enthusiasts Photo

Biggest Esperanto summer school takes place in Liptovský Mikuláš.

Slovakia has extradited Yandiev to Russia

Despite the UN decision, the country sent Ingushetia citizen Aslan Yandiev to Russia where he is wanted for alleged terrorism crimes. It cites the stance of the ECHR.

Illustrative stock photo

More reasons to stay

Excluding people doesn’t just affect those who choose to leave.

Creator of the Krav Maga self-defense system was from Bratislava Photo

The versatile athlete Imi Lichtenfeld finally has a memorial plaque in the Slovak capital.

Unveiling of the commemorative plaque: curator Michal Vaněk, Yaron Lichtenstein, BKIS director Vladimír Grežo and Museum of Jewish Culture's director Pavol Mešťan, from left.