Sale contract on power utility SE to be signed by Christmas

Italian company Enel and Czech energy group EPH have reached an agreement on all commercial and contractual terms of the transaction. The entry of the new shareholder will be possible only after fulfilling several conditions precedent.
Slovenské elektrárne SE

Weekly: What in return?

Slovakia’s Prime Minister Robert Fico wants to sign the memorandum on the option to purchase a 17-percent stake in Slovenske Elektrarne with both, an old and a new owner. Affected parties allegedly agree. Will the old expression something for something be used in this case?
Slovenské elektrárne SE

Enel shows success in Slovakia

Slovenske Elektrarne, controlled by Italian group Enel, reported its earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to 789 million euros over first nine months of this year.
Atómová elektráreň Mochovce

PM wants option for a possible purchase of 17 pct in SE

Slovakia’s Prime Minister says that if Italian Enel sells 33-percent out of its 66-percent stake in the power utility Slovenske Elektrarne to a new investor in the first round, the state will apply for the option to purchase a 17-percent stake which would be carried out after completion of Mochovce.
Robert Fico

FICO: try to get back some share of power

Prime Minister Robert Fico has not given up its intention to purchase some shares of Slovenske Elektrarne from Italian Enel which put up its 66-percent stake for sale.
Robert Fico

Gabcikovo plant overhaul delayed allegedly due to crime

The company Vodohospodarska Vystavba was supposed to announce a tender for the Gabcikovo hydropower plant overhaul in summer. It has not eventually been announced due to a possible crime during the operation of the power plant in the past.
Vodná elektráreň Gabčíkovo

Five people accused at Slovenske Elektrarne

It is yet unknown who was accused of particularly serious crime of violation of the duty to administer someone else’s property. Police officers also refused to specify whether Slovak or also Italian managers were involved.
Krádež zlodej polícia

Weekly: Tactics, or mere reluctance?

The state has not yet agreed with Italian Enel to privatization settlement. It is hard to say whether the state uses highly sophisticated tactics, or is just unwilling to help Italians get rid of their stake in Slovenske Elektrarne for a better price.
Elektráreň Nováky

SPP in cooperation with KPMG to advise state

The gas utility Slovensky Pynarensky Priemysel is given a task to elaborate an analysis to assess the possibility of raising state’s stake in the power utility Slovenske Elektrarne. SPP will cooperate with the consulting company KPMG for help.
Atómová elektráreň Jaslovské Bohunice SE