To buy or not to buy SE? Analysts are cautious.
We asked three analysts whether the state should purchase Enel’s stake in the power utility Slovenske Elektrarne and whether the entry of Italian Enel nine years ago brought some positives.
Prime Minister Robert Fico is expected to fly to Italy to meet top Enel’s representatives this month. The company intends to sell at least a part of its 66-percent stake in Slovenske Elektrarne until the end of this year. The state does not want drop out of the race for this stake. At the meeting with the Italians, Slovak Prime Minister is to discuss conditions under which the state may purchase at least 17 % of Enel’s shares along with the management control. The state would then become a 51- percent shareholder of the Slovak dominant electricity producer. We asked analysts whether it is sensible to return the control over Slovenske Elektrarne to the hands of state managers. They are cautious about the purchase of the SE’s shares and point at the possible threats of the state ownership.
Full story in Slovak: Kúpiť či nekúpiť elektrárne? Analytici sú opatrní.
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Economy Minister Peter Ziga is convinced that the 400-MW source should not be in the hands of the company that the state has no influence on.
The chairman of the gas utility Slovensky Plynarensky Priemysel (SPP) Jan Valko announced after meeting cabinet’s representative that the largest gas company is ready to provide gas supplies also in case of the gas crisis.