Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

EPH reportedly buys stake in SSE

FRENCH company Electricité de France (EDF) has reportedly sold its stake in Stredoslovenská Energetika (SSE), one of Slovakia’s three main electricity distribution firms, for around €500 million to the Czech energy group Energetický a Průmyslový Holding (EPH), the SITA newswire reported, citing reports published on the Czech news website Motejlek.com.

FRENCH company Electricité de France (EDF) has reportedly sold its stake in Stredoslovenská Energetika (SSE), one of Slovakia’s three main electricity distribution firms, for around €500 million to the Czech energy group Energetický a Průmyslový Holding (EPH), the SITA newswire reported, citing reports published on the Czech news website Motejlek.com.

EPH is the only candidate to acquire a minority stake in SSE, after it obtained exclusivity to negotiate the sale of a 49 percent stake in SSE, which EDF wants to sell.

“Our company welcomes EDF's decision to grant us exclusivity,” EPH spokesperson Daniel Častvaj told SITA. He believes the whole transaction could be completed within a few days.

The Economy Ministry, which holds shareholder rights for a majority stake in SSE, was not prepared to confirm this information.

Neither SSE spokesperson Jana Bolibruchová nor EDF have commented on the matter, SITA reported.

The reported value of the transaction should be €400-500 million. SSE supplies electricity and natural gas to nearly 712,000 customers, and has been operating mainly in central Slovakia for over 85 years. French company EDF bought a 49 percent stake in SSE more than a decade ago for €158 million.

EPH is owned by Czech businessmen Petr Kellner and Daniel Křetínský, as well as the Slovak J&T financial group, the Sme daily wrote.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4