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Detail – Energy Country Profile

EDF sells its 49% stake in Slovak power distributor to EPH

EDF has entered into an exclusivity agreement with Energetický a průmyslový holding (EPH), a leading Czech-based Central and Eastern Europe energy company ...

... for the disposal of EDF’s minority stake of 49% in Stredoslovenská Energetika (SSE), the second largest electricity distribution and supply operator in Slovakia.
The contemplated transaction values the 49% stake of EDF in SSE at approximately €400m. EDF acquired 49% of SSE for €160m through a partial privatization procedure in 2002. Since then, EDF has contributed to the significant improvement and development of the operations of the company, in a cooperative partnership with the majority shareholder of SSE, state-owned National Property Fund (NPF).

Source: 23 May 2013