EPH completes the acquisition of Enel’s stake in Slovenské elektrárne

23. 5. 2025

Energetický a průmyslový holding, a.s. (“EPH”) announces that it has successfully completed the acquisition of an additional 50% stake in Slovak Power Holding B.V. (“SPH”) from Enel Produzione S.p.A. (“Enel Produzione”). As a result, EPH now owns a 100% stake in SPH, which in turn owns a 66% majority stake in Slovenské elektrárne, a.s. (“Slovenské elektrárne”), Slovakia’s largest electricity producer.

This marks the completion of the second phase of the shareholder’s agreement originally signed between EPH and Enel Produzione on 18 December 2015 and amended in 2020 to include an early call option. The first 50% in SPH was acquired by EPH in 2016.

Slovenské elektrárne generated 20.8 TWh of electricity in 2024 and now operates exclusively carbon-free generation assets, including nuclear, hydro, and solar power plants, following the shutdown of its last coal-fired unit last year.

“Slovenské elektrárne are a strategic part of our generation portfolio, and we remain focused on completing the fourth unit of the Mochovce nuclear power plant,” stated Jan Špringl, CEO and Vice-Chairman of EPH’s Board of Directors.

Energetický a průmyslový holding, a.s., is the guarantor of the following outstanding notes:

  • EUR 600,000,000 6.651% guaranteed notes due 2028, ISIN: XS2716891440; and
  • EUR 500,000,000 5.875% guaranteed notes due 2029, ISIN: XS2822505439,

issued by EPH Financing International, a.s., and admitted to trading on the regulated market of Euronext Dublin; and

  • CZK 2,400,000,000 8.00% guaranteed notes due 2027, ISIN: CZ0003542102,

issued by EPH Financing CZ, a.s., and admitted to trading on the regulated market of the Prague Stock Exchange.

 

For further inquiries, please contact:

Daniel Častvaj
Investor Relations
Energetický a průmyslový holding, a.s.
Pařížská 130/26, 110 00 Praha 1
T: +420 604 211 864
castvaj@epholding.cz

 

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This communication contains certain forward-looking statements with respect to the financial condition, results of operations and business of the EPH Group. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “targets”, “may”, “aims”, “likely”, “would”, “could”, “can have”, “will” or “should” or, in each case, their negative or other variations or comparable terminology. Forward-looking statements may and often do differ materially from actual results. The EPH Group’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward- looking statements contained in this communication. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. As a result, undue influence should not be placed on any forward-looking statement.

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