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Economy Ministry and Enel agree on final purchase price for Slovenské Elektrárne

The Italian energy giant Enel is satisfied with the outcome of talks with the Slovak government on the final price of the 66-percent stake in theSlovakia’s dominant electric energy producer, Slovenské Elektrárne (SE), the spokesman of the Italian company confirmed to the SITA newswire on October 5.

The Italian energy giant Enel is satisfied with the outcome of talks with the Slovak government on the final price of the 66-percent stake in the
Slovakia’s dominant electric energy producer, Slovenské Elektrárne (SE), the spokesman of the Italian company confirmed to the SITA newswire on October 5.

Based on an agreement on concluding the privatisation of SE submitted by the Economy Ministry for interdepartmental review, the state and SE agreed that the purchase price of over €839 million paid by Enel for the majority stake in the power utility is final.

Slovakia earned an additional €113.8 million from the sale of the 66-percent stake in the SE to Enel because SE agreed to waive the repayment of the sum provided to the construction company Vodohospodárska Výstavba for the Gabčíkovo-Nagymaros hydropower project on the river Danube, the Economy Ministry said.

“… In discussions between the Economy Ministry and Slovenské Elektrárne, the sides agreed to waive the liability by which a significant financial amount from the state budget will be saved,” the ministry explained to SITA. SITA

Compiled by Zuzana Vilikovská from press reports
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