Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

SSE transaction finalised

CZECH company Energetický a Průmyslový Holding (EPH) has definitely finished acquiring shares of the Stredoslovenská Energetika (SSE) energy supplier. EPH, owned by Czech businessmen Daniel Křetínský 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) has definitely finished acquiring shares of the Stredoslovenská Energetika (SSE) energy supplier. EPH, owned by Czech businessmen Daniel Křetínský 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 control over 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 to be approved by the state. This includes controlling material agreements where the counterparty of SSE might be a subject belonging to EPH. The agreements with the previous shareholder did not allow the state to block such contracts, Jurikovič said.

The shareholders have meanwhile agreed on new members for the board of directors and the supervisory board.

Top stories

How the national emblem appeared – including so far secret communism designs

Even Slovaks often do not know why the national emblem depicts a white double-cross, and not the Kriváň peak, or the design by artist Vincent Hložník. They also do not know why it makes a difference whether it is…

Offical Slovak national emblem and colours

Bratislava Zoo will have new wolf breeding station

One of most significant investments of the Bratislava Zoo in the year 2017 will be the building of a new wolf breeding station.

Foreigners: Events around Slovakia Photo

Tips for performances and other events in the Slovak regions between February 17 and February 26, including a race on old wooden sleighs, an operetta premiere, a lot of jazz, classical and rock music, and more.

Rce in krňačky sleighing, Turecká 2017

Some food really is better in Austria, study finds

EC says its role is to monitor safety, not quality – but Slovaks want the same as Austrians, says minister.

Illustrative stock photo