Spectator on facebook

Spectator on facebook

ČEZ interested in buying Slovenské Elektrárne from Enel

A CZECH firm might replace Italian company Enel as the majority owner of electricity producer Slovenské Elektrárne (SE). Enel currently holds the majority stock in the company, which is co-owned by the state.

A CZECH firm might replace Italian company Enel as the majority owner of electricity producer Slovenské Elektrárne (SE). Enel currently holds the majority stock in the company, which is co-owned by the state.

The information was first published in the Milan-based business daily Sole 24 Ore, claiming that ČEZ has already made a proposal to Enel, with the offer to be made official within a few days, the TASR newswire reported.

ČEZ revealed its intentions on August 25 and brought some clarity to the situation when the potential buyer of the 66-percent majority stake in SE was unclear and it had been speculated that Russian company Rosatom might be the potential buyer.

“We are currently preparing to launch official talks about the sale of the shares,” ČEZ spokesperson Barbora Půlpánová said, as quoted by the Sme daily, without citing any further details.

Prime Minister Robert Fico called ČEZ a sound entity, which would be a welcome buyer from the perspective of the Slovak government.

“The interconnection of the Slovak and Czech energy networks are at such a level and there is an understanding that if Enel and ČEZ reach an agreement, the Slovak Government won’t have any reason to interfere in this,” said Fico, as quoted by TASR.

Sme cited ‘foreign media’ reporting that Chinese energy giant CNNC could possibly compete with ČEZ for the stake in SE.

Source: Sme, TASR

Compiled by Michaela Terenzani from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.

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

Kuciak did not even have a computer as a child and he grew up to be an analyst

A village boy who angered Marian Kocner. A profile of Ján Kuciak, who recently received the White Crow award in memoriam.

Ján Kuciak

Lajčák considers resignation if the migration compact is rejected

The foreign affairs minister also admitted to some disputes with PM Robert Fico.

Foreign Affairs Minister Miroslav Lajčák

How to cope with waste

Slovakia lags behind in recycling and reducing waste, but examples of other countries, particularly the Netherlands, are helping Slovakia implement strategies to reduce waste.

Roughly 67 percent of communal waste ended up at landfills in Slovakia, while only 23 percent was recycled.

Europe might not be just an innocent victim

While real estate bubbles in the US, Greece and Spain were partial causes of global crisis, irresponsible lending was also rife in places you hear little about.