Off the wire
• China reaffirms post-war order as Bandung Conference anniversary draws near  • Slovenia, Czech leaders discuss economic cooperation  • China Focus: Shenzhen residents ambivalent on elimination of HK multi-entry permit  • Iran urges halt to military operations against Yemen: spokeswoman  • Turkey wishes to promote ties, increase trade with Mongolia: FM  • Urgent: Florida Senator Marco Rubio says he is running for U.S. President  • U.S. college locked down after reported shooting  • Singapore's monetary authority moves new bill against money-laundering, terrorism financing  • Maltese hospital launches system to help patients seek advice from China  • Feature: Getting wet, happy among traditions at Laos' New Year  
You are here: 　 Home

Slovak gov't at odds with Italian company's plan to sell off stake in SE

Xinhua, April 13, 2015 Adjust font size:

The Slovak government doesn't agree with Italian energy company Enel's plan to sell off its stake in Slovenske Elektrarne (SE) electricity utility at a time when the third and fourth blocks of the Mochovce nuclear power plant haven't been completed, Prime Minister Robert Fico stated on Monday.

"The sale of the stake in SE will, without a doubt, jeopardize the completion of the Mochovce nuclear power plant, which is unacceptable for the Slovak government," Fico said, adding that the country's economy and finance ministers would soon submit a proposal assessing whether Slovakia could apply to buy the privatized Italian stake, and under what conditions.

Fico went on to say that the government wanted to continue to boost its position in strategic companies owned by the state.

As of 2006, the 66-percent stake in SE is owned by Enel. The Italian company bought its majority stake in SE for 840 million euros (888.89 million U.S. dollars). The remaining stake belongs to the state through the National Property Fund.

The current value of Enel's share has been estimated at 2.7 billion euros. Companies interested in buying Enel's share are: Finnish Fortum, Czech CEZ, Hungarian MVM Group in a consortium with Slovakia's Slovnaft, and Czecho-Slovak financial group EPH. (1 euro = 1.06 U.S. dollars) Endit