Slovakia plans to complete privatization of SE in 2004 or 2005

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Investiční bankovnictví KB

      Slovak economic minister Rusko said that more than one investor would submit a bid for whole Slovenske Elektrarne (SE). He also said that two privatization scenarios are considered, privatization of SE with or without bailout. If the government select an investor, which is willing to buy whole SE, the privatization could be completed by the end of 2004. Otherwise, it would be completed in mid 2005. The investors should submit preliminary bids by 7 November and they should announce by 5 December, if they are willing to buy whole SE or only the non-nuclear part.

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