Fico refuses to allow cabinet to discuss SPP share sale

The Slovak cabinet declined, at its session on Wednesday, October 17, to discuss the transfer of the 49-percent stake in Slovak gas utility SPP owned by French and German companies to Czech energy concern Energetický a Prúmyslový Holding (Energy and Industrial Holding (EPH)), the TASR newswire reported.

The Slovak cabinet declined, at its session on Wednesday, October 17, to discuss the transfer of the 49-percent stake in Slovak gas utility SPP owned by French and German companies to Czech energy concern Energetický a Prúmyslový Holding (Energy and Industrial Holding (EPH)), the TASR newswire reported.

The move came after the two stakeholders – Germany's E.ON Ruhrgas and France's GDF Suez – who despite their minority stake have management control of SPP, failed to withdraw by 10:00 on Wednesday their proposal for a hike in household gas prices of between 18 and 25 percent for next year. The deadline was set by Prime Minister Robert Fico on Tuesday.

The shareholders explained their stance in a letter to the government, but the prime minister was unmoved. He reiterated that unless the minority shareholders vowed to indicate what he called "a 0.00 percent rise" in gas prices, the cabinet would not debate a proposal by the two companies to sell their share in SPP to EPH.

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.

Top stories

News digest: Omicron variant changes quarantine rules and flight schedule

New regime starts for companies and after-school activities. The Largest in Law ranking is out.


51m
President Zuzana Čaputová (front) and Health Minister Vladimír Lengvarský (back) visiting Ružinov hospital.

Lockdown it is. Or is it?

Hospitals are on the verge of collapse. President tells people to stop blabbing about Covid and get vaccinated.


5 h
Vaccine saves lives. Thank you for being responsible.

Why prefer vaccines to drugs? The Covid jab protects better and it is cheaper

About 4,800 people have received monoclonal antibodies in Slovakia. To compare, there were more than 2.4 million vaccinated people as of Monday.


7 h
Skryť Close ad