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Slovakia’s deal with Enel

According to a front-page article in the Hospodárske Noviny daily on April 7, the final price for the majority stake in Slovenské Elektrárne (SE) that was sold to Italian company Enel for Sk31.4 billion (€970 million) in 2006 will be decided by negotiations.

According to a front-page article in the Hospodárske Noviny daily on April 7, the final price for the majority stake in Slovenské Elektrárne (SE) that was sold to Italian company Enel for Sk31.4 billion (€970 million) in 2006 will be decided by negotiations.

Representatives of the National Property Fund (FNM), the Ministry of Economy and the foreign investor are due to meet in order to discuss the matter very soon, the daily reports. According to an anonymous source, no exact sum has yet been set for the 66-percent stake.

"It's natural that you overstate your demands slightly so that you can lower your requirements during the talks," the source is reported as saying.

Both sides are claiming that the other should pay out. Enel, for example, is asking Slovakia for a refund of Sk2.5 billion (€77.3 million). TASR

Compiled by Zuzana Vilikovská from press reports

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