Czech EPH Seeks Stake in Slovakian SPP

The Czech Republic's Energeticky a Prumyslovy Holding (EPH) is seeking to acquire E.ON and GDF Suez's stakes in Slovakian gas transit company SPP, Reuters has reported. The company was confirming rumours that first appeared in Czech newspaper Hospodářské noviny.

A spokesperson for the company said that EPH had held talks with both companies to discuss the possibility of acquiring the 49 per cent stake held in SPP by both companies. 

The Slovakian government holds the remaining 51 per cent stake in the company.

"We had talks with both companies, i.e. both shareholders of the consortium," Reuters reports spokesperson Martin Manak as saying. He did not give any more details on the talks or say whether any offers had been made.

The talks comes as part of a wider drive from EPH to acquire greater stakes in a number of energy companies, including two German power plants, German mines, two Czech power plants and a stake in a pipeline.

GDF Suez and E.ON had not made any statement on the talks at the time of writing.