Spectator on facebook

Spectator on facebook

Talks start about change in ownership of SPP gas utility

The Economy Ministry and Slovakia’s National Property Fund (FNM), the country’s privatisation agency and owner of shares in several partially-owned state companies, will begin talks with Energetický a Průmyslový Holding (EPH) company over a taking a stake in ownership of Slovenský Plynárenský Priemysel (SPP), Slovakia’s primary gas utility. The issue is to be discussed by the government at its next session, the TASR newswire reported on June 18.

The Economy Ministry and Slovakia’s National Property Fund (FNM), the country’s privatisation agency and owner of shares in several partially-owned state companies, will begin talks with Energetický a Průmyslový Holding (EPH) company over a taking a stake in ownership of Slovenský Plynárenský Priemysel (SPP), Slovakia’s primary gas utility. The issue is to be discussed by the government at its next session, the TASR newswire reported on June 18.

SPP currently has two shareholders: FNM which owns 51 percent and Slovak Gas Holding, controlled by two foreign investors, German E.ON Ruhrgas and French company GDF Suez, with 49 percent of the shares.

The opening of talks means that EPH, controlled by the PPF Group owned by Petr Kellner, Daniel Křetínský and the J&T financial group, may become a SPP co-owner and the state’s partner in the utility, TASR wrote.

Source: TASR

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

How did Communism happen in Czechoslovakia?

For the 40 years, Czechs and Slovaks would celebrate February 25 as Victorious February, even though the enthusiasm of most of those who supported Communists in 1948 would very quickly evaporate.

Prime Minister Klement Gottwald (right) swears an oath into the hands of President Edvard Benes on February 27, 1948 at the Prague Castle.

Cemetery with a remarkable creative concept Photo

The shapes of tombstones were prescribed until 1997

Vrakuňa Cemetery in Bratislava

Being young is harder than it used to be

The failure of older generations to sympathise with youth means politics are primarily a contest of who can hand out more gifts to old people.

Young Slovaks have problems finding proper jobs.

Historian: After 1948, Czechoslovakia was paralysed with fear

On February 25, Czechs and Slovaks mark 70 years since the rise of Communism in their common state. Historian Jan Pešek talks about the coup and its aftermath.

Demonstration in Prague, Wenceslas' Square, on February 28, 1948.