The Slovak government may reopen the privatization tender for a 49% stake in Slovenske Elektrarne (SE), the dominant Slovak power producer (Bloomberg), to allow new bids.
This is in line with our expectation, as it would enable CEZ to officially enter the bidding after the company signaled its interest after an indicative bid deadline had passed. CEZ is reportedly the only potential bidder interested in SE as a whole, including its nuclear assets; therefore, we would not expect CEZ to be an aggressive bidder.
Jiří Soustružník