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SLOVAKIA

The Hungarians would like to have one of the largest energy companies in their hands. Slovakia is wondering where to take the money for it

Sugar Mizzy November 13, 2021

Most political parties would like to see the 49-percent stake in Stredoslovenská energetika Holding (SSE Holding) back in the hands of the state. The strongest parliamentary movement, OĽANO, even knows where to get the money.

The SaS and Sme rodina coalition party is opposed to the spas of the minority share with managerial powers. They cannot imagine where the state should take about 1.25 euros. According to the Minister of Economy Richard Sulík, this is what the repurchase of Central Slovak power engineers costs.

OĽaNO would like to use bonds

According to Petr Kremsky, chairman of the parliamentary economic committee from the OĽaNO movement, the government should honestly analyze the benefits, risks, advantages and disadvantages of using the right of first refusal.

“The government should assess how much it values ​​this share and the funding opportunities. It should decide accordingly, as in this case, “Kremský told SITA.

According to OĽANO, he would not be able to find money to buy a minority stake in Central Slovak energy companies. “The repurchase could be financed, for example, through bonds issued for this purpose by a state-owned company. “ said Kremský.

The Hungarian state-owned company is applying for a share

The SaS liberals support the statement by their chairman and economy minister Richard Sulík. He sees no room for the state to buy the company’s shares for more than a billion euros.

However, from its position, it wants to at least block the sale of a 49 percent stake in SSE Holding to the Hungarian state-owned company MVM.

Ten companies concern one of the largest Slovak energy companies. He has two reasons to block this sale.

“The first is that I do not see the point for another state to acquire a stake in a Slovak energy company. And MVM is a purely state-owned company. The second reason is that I do not like what the Republic of Hungary has been doing lately. For this reason, I do not want the Hungarian state to own a significant part of our business. “ said Sulík.

He wants to prepare a resolution for the next meeting of the government, where the government will oppose the sale of the minority sale of SSE Holding to the Hungarian company MVM. The minister has not yet talked about blocking sales to other interested parties.

We are a family claiming we have no money. KDH and ĽSNS would find the money

The We Are Family movement is clear on the whole matter. “They earn money for a 49 percent stake in Stredslovenská energetika Holding because the price is very high for us, “ referred to SITA from the press department.

The chairman of the KDH council, Peter Belinský, is convinced that a company of this strategic importance should have Slovakia fully in its hands. Especially at a time when energy is being traded, it is becoming the subject of a geopolitical struggle.

“The state should use the pre-emption right and acquire a 100% share of Stredoslovenská energetika Holding. For example, it can use a loan that will be repaid from the company’s future income. ” I think Belinsky.

Another parliamentary party, ĽS Naše Slovensko, is also pushing for energy to be under full state control.

“Energy is one of the priority security of the state when it comes to strategic sectors. That is why we are clearly asking the state to buy this 49% stake, “ Martin Beluský, vice-president of ĽS Naše Slovensko, said for the SITA agency, who would state the money for the purchase in the state budget.

“Finding funds it’s just about setting priorities, “ added Belusky.

The 49-percent share originally cost 130 million euros

Non-attached members of the National Council of the Slovak Republic from the Hlas-SD party would not hesitate to buy SSE Holding. “The energy sector in Slovakia is to be in the hands and control of the Slovak Republic, not the Hungarian one, which is striving for it. I call on the government to buy the share of the private owner in Stredoslovenská energetika back into the hands of the state and thus correct one of the economic crimes of the Dzurinda government, “ Voice-SD leader Peter Pellegrini said in a video on the social network.

The Smer-SD party has not yet commented on the sale of SSE Holding. At last week’s press conference, party chairman Robert Fico only said that I had to call the famous people to find out what the reality is with the sale of Central Slovak energy companies.

SSE Holding is already undergoing an in-depth audit. EPH acquired a 49 percent stake in the company in 2013, when it bought for about 400 million euros from the French company Electricité de France.

She got it at the beginning of this millennium for about 130 million euros. SSE Holding owns a majority 51-percent stake without state management powers through the Ministry of Economy of the Slovak Republic.

The political parties Smer-SD and Za Ľudí did not comment on the topic even after the urgencies.

Thank you for reading Startitup. In case you have a perception or I think there is an error in the article, write to [email protected].

Source: SITA

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