As of today, Slovenský plynárenský priemysel, a.s., (SPP) is under 100% control of the National Property Fund of the Slovak Republic. Until now, Energetický a průmyslový holding, a.s., (EPH) has held 49% of the shares in SPP and exercised management control. EPH continues to control the key companies of the original group, i.e., Eustream (international gas transmission), SPP Distribúcia (natural gas distribution in Slovakia), and gas storage companies in Slovakia and the Czech Republic (Nafta, Pozagas, and SPP Storage) through SPP Infrastructure (SPP-I). Thus, SPP-I is the new parent company of the group; the Slovak state holds 51% in SPP-I, while EPH holds 49% associated with management control. Commercial activities, in particular natural gas and electricity sales to household, business and industrial customers have remained in SPP.
The State has therefore gained full control over the most important energy supplier and, through it, the influence on natural gas pricing in Slovakia.
Daniel Křetínský, EPH Chairman, said:
Adding:
Together with SPP, a.s., the Slovak Republic has also gained control over some other subsidiary companies, including SPP CZ, a trading company operating in the Czech Republic, and SPP CNG, a company supplying compressed natural gas and operating a network of CNG refuelling stations, and also SPP’s extensive real estate. The long-term gas sales agreement with Gazprom Export has also remained under SPP’s control.