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Minister Malatinský explains SPP sale case in parliament

Economy Minister Tomáš Malatinský admitted at the parliamentary session September 12 that he was surprised by the J & T Investment Advisors meta data sign that appeared on a government document about the purchase of part of the SPP gas utility by state.

Economy Minister Tomáš Malatinský admitted at the parliamentary session September 12 that he was surprised by the J & T Investment Advisors meta data sign that appeared on a government document about the purchase of part of the SPP gas utility by state.

Malatinský changed his original explanation from a day earlier, according to which the document was elaborated based on the data from the Energetický a Prúmyslový Holding (EPH) group, from which the state bought its SPP shares.

The Slovak government green-lighted the takeover of the 49-percent stake and managerial control in SPP from the EPH on September 4. In exchange for the 49-percent stake, the government will take over half of the company’s debt, €59 million, from EPH. The electronic draft document on the SPP sale, approved September 4 by the government, features the name of the J & T Investment Advisors company in its ‘file properties’ [supporting information that e-files have automatically attached].

“In the final phase of the preparation of documents for the government session, we finally decided – due to extraordinary commercial sensitivity of the information include in the document – to offer the almost finalised version for checking to the SPP, for it to confirm that the by publishing this document, there will be no leak of such sensitive information that could gravely harm SPP,” Malatinský said September 12, as quoted by the SITA newswire. He added that the document was prepared only by the ministry and its advisors, Wood & Co. and White & Case.

In the SPP gas utility, the document should have been checked by Miroslav Haško, currently an advisor of the SPP board, nominated for the post by the EPH representatives from his original position of expert of mergers and acquisitions. Malatinský claims, according to SITA, that due to this check by Haško, the J&T Investment Advisors singature made its way onto the original document.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
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