The Slovak Cabinet has short-listed all 5 investors interested in Slovenske elektrarne (SE), Reuters reported yesterday.
The Slovak Cabinet decided to sell a 66% stake in SE, contrary to its previous intention of offering only a 49% stake. Final bids should be submitted around mid-2004.
Reuters also reported that SE has agreed with a consortium of banks to restructure its debt. The first stage of restructuring should save SE roughly EUR 20m a year. SE CFO M. Sujansky declined to elaborate on reports that SE was trying to convince the state to bail out its debt.
Jitka Oppitzová