The Slovak Cabinet agreed yesterday to increase its offered stake in Slovenske elektrarne (SE), the dominant power producer, to 66% from 49% (Reuters). Expected.
In the first round of bidding, investors can submit bids only for all SE's assets and if a buyer is not chosen in the first round, investors may then bid for its nuclear and conventional assets separately. Recall that only CEZ and RAO UES have expressed interest in SE as a whole (i.e. including its nuclear assets). The deadline for binding bids is reportedly end-May.
Jitka Oppitzová, Patria Finance