Home / Business and Economy / Slovakia Buys Out Nuclear Stake for €189M
Slovakia Buys Out Nuclear Stake for €189M
30 Sep
Summary
- Slovakia allocated €189 million to purchase CEZ AS's stake.
- This acquisition aims to advance the nation's new nuclear reactor project.
- The government's ambition for a new nuclear reactor is now unhindered.
Slovakia has officially committed €189 million to fully secure its new nuclear reactor project. The government approved the substantial funding to buy out the 49% stake previously held by CEZ AS in Jadrová energetická spoločnosť Slovenska.
This acquisition marks a critical advancement for Slovakia's strategic energy goals. By obtaining complete control over the company established for the new nuclear reactor's construction, the government has cleared a significant obstacle.
The move underscores Slovakia's commitment to developing its nuclear power capacity. The funding ensures that the national ambition for a new nuclear energy source can proceed without external shareholder impediments.
