Ministry of Economy of SR has acquired SPP a.s.
June 2014 — In 2013, the Government of the Slovak Republic, through its Ministry of Economy, decided to exercise its option to acquire 49% stake in SPP a.s. from EPH - Energeticky a Prumyslovy Holding. The main objective of the Slovak Government was to regain a management control over the largest national gas reseller and therefore to have a better control over gas prices for households. Financial details have not been disclosed.
SPP a.s. is he largest gas supplier in Slovakia providing combined supply of gas and electricity to households, companies and municipalities all over the country.
Our role in the transaction
Oaklins' team in Slovakia advised the buyer in this transaction.
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