Reports in Slovakia suggest that the government is interested in increasing its 34% stake in the electricity company Slovenske Elektrarne.

This is despite Italian company Enel owning the remaining 66%, of which they are currently discussing offloading to a number of parties. Enel have announced that they are holding talks with Energeticky, which is owned by a pair of Czech and Slovak entrepreneurs. J&T financial group are also said to be in talks with Enel.

Minority Stake

Prime Minister, Robert Fico said the government will ‘not rule out’ any government interest to acquire another 17% of the company, giving them a majority 51% stake.

Other offers for minority stakes in the company are said to have come from the China National Nuclear Corporation (CNNC). This was announced by the Slovak Economy Minister, Vazil Hudak last week. They are currently carrying out due diligence with the intention of putting in a formal bid.

Interest has also come from other Slovak, Czech and Hungary consortiums.