EPH says overall agreement reached with ENEL on Slovenské Elektrárne sale

Czech energy company EPH confirmed that it has reached a broad agreement to buy out Italian power company ENEL’s shares in Slovenské Elektrárne. A final deal still has to be signed, a spokesman said. Under the first stage of the deal EPH should buy around 33 percent of Slovakia’s biggest electricity producer and nuclear power plant operator. The remainder of its 64 percent stake would be delivered when the Mochovce nuclear units 3 and 4 are completed in around two years time.

Author: Chris Johnstone