Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Fico wants to buy gas sale concern

PRIME Minister Robert Fico wants to acquire 100 percent of the company that sells gas to consumers for the gas utility Slovenský Plynárenský Priemysel (SPP). He plans to agree on the acquisition of shares in the trade company of SPP with the prospective new co-owner of the gas utility, the Czech company Energetický Průmyslový Holding (EPH), which wants to purchase the minority stake currently owned by two investors from France and Germany. Yet, to realise the deal EPH needs the approval of the government, the Sme daily reported.

PRIME Minister Robert Fico wants to acquire 100 percent of the company that sells gas to consumers for the gas utility Slovenský Plynárenský Priemysel (SPP). He plans to agree on the acquisition of shares in the trade company of SPP with the prospective new co-owner of the gas utility, the Czech company Energetický Průmyslový Holding (EPH), which wants to purchase the minority stake currently owned by two investors from France and Germany. Yet, to realise the deal EPH needs the approval of the government, the Sme daily reported.

As gas supplies to clients are loss-making Fico can expect that EPH will give up its shares in the trade company and thus avoid any disputes with the government over gas prices. In exchange for the less lucrative assets the EPH might acquire a bigger share in the profit-making company responsible for gas transit, Eustream.

The cabinet should soon decide on the share sale.

Top stories

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.