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Enel to wrap up SE deal by end of April.

Europe Intelligence Wire

| April 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Slovak Spectator)

Byline: From press reports

in SHORT THE ITALIAN Enel firm has decided to complete the privatization of a 66-percent stake in Slovak energy utility Slovenske elektrarne (SE) by the end of April 2006, Enel CEO Fulvio Conti said in London on March 23.

Speaking at the presentation of Enels consolidated results for last year, Conti confirmed that Enel had given up its insistence that Slovakia adopt a Nuclear Fund Act before closing the SE deal.

Earlier, Slovak Economy Minister Jirko Malcharek had reported that Enel was dropping the condition.

"Minister Malcharek was right.

We do not insist on this condition, we can ...

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