Slovakia’s privatisation agency, the National Property Fund (FNM), is getting the privatisation of the remaining state-owned heating companies off the ground by making a call for tenders from advisors.
The six heating companies, which should prove to be a lucrative investment for the successful investors, will be sold off in part through public tenders, and the government is seeking an advisor to work on the privatisations for nine months. Companies meeting the qualification criteria have until 19 August to submit their offers to the FNM.
The successful tenderer will deal with the whole process, from evaluation to negotiating and concluding deals with the winning investors of the six heating companies in Bratislava, Trnava, Martin, Zvolen, Zilina and Kosice.
The government is hoping to collect up to EUR 200 million from the sales, which is the upper end of the estimated market value of the six companies combined. The decision to sell off the companies was taken in March this year, and has come up against strong, but futile, criticism from the two opposition parties Smer-SD and SNS.
Five percent of the heating companies will be transferred to respective municipalities, which are also not content with receiving such a small stake.