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PM: Transfer of pipeline from SPP to Eustream not currently possible

The proposed transfer of a transit gas pipeline from the Slovak gas utility Slovenský Plynárenský Priemysel (SPP) to its daughter company Eustream cannot proceed at present, Prime Minister Iveta Radičová said after a government session on Wednesday, March 7.

The proposed transfer of a transit gas pipeline from the Slovak gas utility Slovenský Plynárenský Priemysel (SPP) to its daughter company Eustream cannot proceed at present, Prime Minister Iveta Radičová said after a government session on Wednesday, March 7.

According to Radičová, the cabinet recently passed a resolution banning all state representatives on the board of SPP from voting for such a transfer. Furthermore, the National Property Fund (FNM) cannot attend the extraordinary SPP General Assembly set for March 8, as it is currently without a chairman, thus rendering the General Assembly inquorate. Radičová said that SPP had been notified of the current situation in advance.

"They were waiting for a statute change or the appointment of a new [FNM] chairman, but seeing as neither the statute nor the law has been changed and the chairman hasn't been appointed, the new government resolution is that no such transfer is possible," she said as quoted by the TASR newswire.

Source: TASR

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

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