Regional energy distributors close the biggest energy deal since 2015

The state will earn €35 million for not exercising its preemptive right to acquire VSE Holding shares.

Economy Minister Richard Sulík explaining the deal.  Economy Minister Richard Sulík explaining the deal. (Source: TASR)

Semi-state regional energy monopolies ZSE and VSE are to have a single owner.

Economy Minister Richard Sulík (SaS) announced that he would not prevent the companies from joining, meaning the state will not exercise its preemptive right to acquire VSE Holding shares. The state should receive €35 million for this.

This is the biggest deal in the energy sector since 2015 when the Italian ENEL agreed with the Czech-Slovak group EPH upon the sale of the dominant electricity producer Slovenské Elektrárne, the Denník N noted.

Related articleState-of-the-art power plant in Malženice changes hands Read more 

“We tried to negotiate a positive outcome and what we have achieved is not a small thing,” said Sulík after Slovakia and the German energy company E.ON signed a memorandum of understanding, as cited by the SITA newswire.

Apart from the €35 million, the state has obtained the chance to acquire the strategic gas-steam power plant in the western-Slovak village of Malženice from ZSE.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Get daily Slovak news directly to your inbox

Theme: Energy

Read more articles by the topic
This article is also related to other trending topics
Richard Sulík

Top stories

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

Fico admits to ties with Bödör

Former prime minister stands by his praise for the state secretary who confessed to corruption and court interference.

Robert Fico during his November 26 press conference.