Slovakia’s Economy Ministry is taking over control of state-owned shares in energy companies. On Wednesday, the Cabinet approved the transfer of the shares from the National Property Fund to the Economy Ministry. Although the Economy Ministry has been executing shareholder rights in energy companies where the state holds a stake, the National Property Fund has been the shares’ owner.
As of now, the Economy Ministry takes over a 51-percent stakes in Zapadoslovenska Energetika, Stredoslovenska Energetika, Vychodoslovenska Energetika, a 100-percent stake in Slovensky Plynarensky Priemysel, and a 34-percent stake in Slovenske Elektrarne. The transfer of shares is connected with the prepared dissolution of the National Property Fund, as confirmed the Ministry‘s spokesperson.
