July 28, 2014 3:11 PM ET

Electric Utilities

Company Overview of Zapadoslovenska Energetika AS

Company Overview

Západoslovenská energetika, a.s. provides electricity distribution and supply services primarily in the Western Slovakia region. It is also involved in the purchase and supply of gas to industrial customers, small and medium businesses, and households; operation of two hydroelectric plants; and ancillary activities, including the construction and maintenance of small scale electricity network related projects for the third parties. The company was founded in 1922 and is based in Bratislava, Slovakia Republic. Západoslovenská energetika, a.s. is a subsidiary of National Property Fund.

Čulenova 6

Bratislava,  816 47

Slovakia

Founded in 1922

1,857 Employees

Phone:

421 2 50 61 11 11

Key Executives for Zapadoslovenska Energetika AS

Chief Executive Officer and Director
Compensation as of Fiscal Year 2014.

Zapadoslovenska Energetika AS Key Developments

SPP and ZSE to Distribute Extraordinary Dividends to Government

Slovak semi-state energy companies are going to distribute extraordinary dividends worth EUR 361.5 million in order to help the government slow down the growth of the state debt. The state expects high revenues mainly from SPP and ZSE. Both companies, in which the state holds 51%, have had to borrow money on international markets in order to be able to pay out the dividend. The Finance Ministry expects the extraordinary dividends to help get the Slovak debt below 57% of GDP next year. Minority shareholders of Slovak semi-state companies should be entitled to the extraordinary dividend as well.

E.ON Plans To Sell 49% Stake In Zapadoslovenska Energetika

E.ON SE is planning to sell its 49% stake in Zapadoslovenska Energetika AS. The transaction may happen soon.

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