Enel allegedly reached agreement with Czech EPH over its stake in SE

ITALIAN company Enel has allegedly reached a general agreement with Czech-based Energetický a Průmyslový Holding (EPH) to sell its stake in Slovenské Elektrárne (SE), Slovakia’s main electricity producer, the Reuters newswire reported on October 22.

(Source: Sme)

EPH is owned by Czech businessman Daniel Křetinský, Slovak businessman Patrik Tkáč and J&T financial group. The latter already owns shares of other energy companies in Slovakia, including Stredoslovenská Energetika, Eustream and SPP-Distribúcia, Sme wrote.

Neither EPH nor SE have approved the information, according to the Sme daily website.

“We cannot confirm reports in some media that an agreement has been reached between EPH and Enel on the sale of the stake which the Italian firm holds in Slovenské Elektrárne firm,” EPH spokesperson Daniel Častvaj said, as quoted by Sme. “Negotiations are still underway.”

Read also:Enel reportedly started talks with EPH Read more 

 

The Slovak Economy Ministry provided a similar statement.

“We verified the information with Enel company which has not yet approved it,” ministry’s spokesperson Miriam Žiaková told the Sme.

Discussions regarding the sale should be wrapped up on October 26, say both Reuters and Sme sources.  

Even the Slovak government which owns 34 percent of the shares in SE has not denied its interest in Enel’s stake. Currently it is waiting for an analysis which the gas company Slovensky Plynarensky Priemysel (SPP) is preparing together with KPMG Slovakia.    

Read also:Enel moving forward on sale of SE shares Read more 

The sale of the 66-percent share is part of a €5-billion euro disposal plan to fund development at Enel, Europe’s most indebted utility, according to Sme.  

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