Czech billionaire Kellner reiterates interest in Slovak gas firm SPP.

By bne IntelliNews April 12, 2012
Czech billionaire Petr Kellner has reiterated his interest in acquiring a stake in Slovak gas utility SPP, finance.cz reported citing an interview of Kellner with Mlada Fronta Dnes. Kellner said talks with GDF Suez and E.ON, which together own 49% of SPP are under way but no agreement has been reached yet. The value of the investment in SPP is estimated at EUR 2bn. GDF Suez and E.ON bought the stake in SPP for EUR 2.7bn in 2002. The remaining stake in SPP is owned by the Slovak state. Kellner controls investment group PPF, which together with financial group J&T own energy group EPH that has been tipped as one of the potential investors in SPP.

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