Australian investors are joining the energy utility EP Infrastructure, which focuses on concerns related to the hydro-power plant Gabčíkovo, the sale of stores near Galanta to the Chinese, and the well-established investor entering the network of medical and diagnostic centres, Pro Diagnostic Group.
For the second year in a row, a majority of the ten biggest legal agencies in Slovakia shared with The Slovak Spectator which business deals they have advised on. The list of transactions for 2016/2017 is manifold but it strikingly resembles that from the past year with the power industry making frequent appearances.Read more
Most of these transactions involved Energetický a priemyselný Holding (i.e. Energy and Industrial Holding, EPH) owned by Czech businessman, Daniel Křetínský who also owns a share in the Slovenské Elektrárne (SE) power utility and in the gas transport company Eustream, which ranks among the most profitable in Slovakia.
In the past months, lawyers have also worked with business deals involving real estate, more specifically the sale of logistic and production halls.
The list detailing the fifty biggest transactions has been split into two cases worth tens of millions of euros. Lawyers in charge of these cases have to protect their clients from the hostile takeover of firms that occurred back in 1990s.
Křetínský’s group is changing
Maybe the biggest attraction in the past year for the power industry has been changes in shareholder structure of Křetínský’s group, EPH.