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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Coworking spaces spring up like mushrooms in Slovakia Photo

Every regional capital in Slovakia has a coworking space. Lately, they also started appearing in smaller towns.

We were on the run, but we were welcomed Photo

Slovak-Swiss writer Irena Brežná was forced to emigrate but found a way to fill her life with meaning in a foreign land.

Irena Brežná arrives to Switzerland.

Growing popularity of domestic food increases food fraud

Food inspections found 9.4 percent irregularities in six months

Our emigrants’ stories: lessons in humanity

Slovaks who fled the 1968 occupation tell us what it means to be a refugee.

Pictures from The Gift pantomime show. Milan Sladek wrote it in the Swedish Goteborg in 1969 as a metaphor of Czechoslovakia's cohabitation with the Soviet Union.