EPH could end up with minority stake in Slovak electricity giant

Czech energy company EPH might have to cede control of Slovakia’s biggest electricity company, Slovenské Elektrárne. EPH last week sealed a deal to acquire a 66 percent stake in Slovakia’s biggest electricity company from Italian power giant ENEL. But the Slovak Ministry of Economy announced on Monday that under a memorandum with the Italians it would have the option to win back control of Slovenské Elektrárne once the Mochovce nuclear reactors 3 and 4 are completed. That would shrink EPH’s final shareholding to 49 percent.

Author: Chris Johnstone