Rusko on SE: It’s all or nothing
The Slovak ministry of economy wants bidders for Slovenske Elektrarne, the country’s dominant power generator, to buy the whole company – including its nuclear plants – and is considering modifying the tender conditions to ensure this, just weeks before five companies are scheduled to begin due diligence.
Pavol Rusko, the new economy minister who is in charge of the privatisation, said in an interview with
EiEE that bidding for only the non-nuclear plants was like going to look at a car in a showroom, and making an offer just for the tires. “We want to sell everything together,” he said. “If someone does not want to buy everything, it’s their bad luck.” Peter Mitka of PriceWaterhouse-Coopers, the government’s adviser in the privatisation, confirmed that changes to the cabinet resolution will be made this month, partly to raise the stake up for sale from 49% to 66% as economic ministers recently agreed, and
partly to emphasise the preference for bidders interested in the nuclear plants, which make up two thirds of Slovenske Elektrarne’s production. “We need a new resolution to increase the stake for sale
and to clarify the objectives of the government with respect to the desired bidders,” he said.
Up until now bidders have been allowed to bid for either the nuclear or non-nuclear plants or both.
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