Spectator on facebook

Spectator on facebook

EPH finalises buying shares in SSE

CZECH company Energetický a Průmyslový Holding (EPH) announced on November 27 that it had definitely finished acquiring shares of the Stredoslovenská Energetika (SSE) energy supplier. EPH, owned by Czech businessmen Daniel Křetinský and Petr Kellner and Slovak J&T financial group, bought a 49-percent share, with managerial control, from Electricité de France for €400 million.

CZECH company Energetický a Průmyslový Holding (EPH) announced on November 27 that it had definitely finished acquiring shares of the Stredoslovenská Energetika (SSE) energy supplier. EPH, owned by Czech businessmen Daniel Křetinský and Petr Kellner and Slovak J&T financial group, bought a 49-percent share, with managerial control, from Electricité de France for €400 million.

Economy Ministry spokesman Stanislav Jurikovič said that with the change of shareholders the state, which is the major owner of the firm, received better and stronger controlling powers in the company, as reported by the SITA newswire.

The new shareholder agreement redefines pre-emptive rights over a company’s shares and creates a new list of transactions which should be approved by the state. This includes controlling the material agreements where the counterparty of SSE might be a subject belonging to EPH. The agreements with previous shareholder did not allow the state to block such contracts, Jurikovič said.

The shareholders have meanwhile agreed on new members of board of directors and supervisory board. New chair of the BoD will become Martin Fedor, while Petr Sekanina and Jiří Feist became members of the BoD. Marek Spurný was elected new deputy chair of supervisory board, SITA wrote.

Also the members for the boards in subsidiary of SSE, Stredoslovenská Energetika – Distribúcia, changed. František Čupr became new chair of the BoD, while Róbert Ševela and Petr Kozojed were elected new board members. The post of deputy chair of the supervisory board of the firm went to Tomáš David, according to SITA.

Source: SITA

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

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska