Nafta Gbely
In 2000 and 2001, EEIP provided consultancy services during the restructuring of Nafta Gbely, within its advisory mandate for the RWE Group. In 2001 RWE Gas acquired 40 % of shares of Nafta Gbely; the maintenance company of the SPP Group. Total value of this transaction reached 1.3 billion Slovak crowns and it was of the five largest investments in the Slovakia’s energy sector.
During the years 2001 – 2002, RWE Gas advised by EEIP initiated first phase of Nafta group corporate restructuring plan, accepted also by the state-owned SPP (56% shareholding). EEIP helped in redesigning the overall corporate organizational structure of Nafta Group in order to streamline Nafta´s decision making, get rid of loss producing activities, take out the cost reduction potential plus to maintain and enhance Nafta’s competitiveness. The main task of the mandate was to create a strategic-financial-control and administration centre from the parent company Nafta a.s. Gbely.
As a part of its post-acquisition mandate EEIP advised in the restructuring process of Nafta as an advisor of the only major foreign investor RWE which together with the company’s management initiated the restructuring. EEIP produced number of studies with respect to the financial optimization.
In addition, EEIP acted in the implementation of the restructuring plan when M. Mejstrík served as a permanent guest at the parent Nafta´s Board of Directors Meetings on behalf of RWE Gas from 2001 until 2002.
Related
Associate Director
tel: +420 224 232 754
fax: +420 224 238 738
jana.chvalkovska@eeip.cz