E.ON and GDF Suez Looking to Sell Part of SPP?

According to daily Hospodarske Noviny, the foreign shareholders in Slovak gas utility SPP are planning to sell off part of their 49% stake to a company involving local financial group J&T.

The daily reports that  SPP’s shareholders E.ON Ruhrgas and GDF Suez have been in talks with the company Energeticky a prumyslovy holding (EPH), which is co-owned by Slovak financial group J&T and Czech entrepreneurs Petr Kelllner and Daniel Kretinsky.

HN published the article based on an anonymous source, who said “exclusive talks have been taking place” and that a deal could be struck by the end of this year. It is not known how big a share the current foreign investors wish to sell off, as this is still being negotiated.


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