EPH acquires one-third stake in Slovenské elektrárne for €1.1 billion

The Czech-based Energetický a průmyslový holding (EPH) has completed the acquisition of the remaining 50% stake in Slovak Power Holding from the Italian energy group Enel. EPH exercised its option in December 2024 and paid €150 million in the first phase of the transaction. Upon completion, EPH also became the guarantor of three outstanding bonds worth €500 million, €600 million, and CZK 2.4 billion, with maturities between 2027 and 2029.

Slovak Power Holding holds a 66% stake in Slovenské elektrárne, the largest electricity producer in Slovakia. The remaining 34% is owned by the Slovak Republic. Slovenské elektrárne generates 20.8 TWh of electricity annually and operates both of the country’s nuclear power plants. In 2024, the company reported revenues of €3.7 billion and a net profit of €815 million.

In recent months, EPH has focused on consolidating ownership in key companies. Following the December option exercise for Slovak Power Holding, it acquired the remaining 30% stake in the German energy company LEAG in March. EPH is now finalizing the acquisition of the remaining 50% stake in the lignite-fired Lippendorf power plant.