Slovak Investment Holding successfully revaluated investment in ENSTRA

Bratislava, January 23, 2024 - Slovak Investment Holding (SIH) sold its shares in ENSTRA and ENSTRA Power Generation to their majority shareholders. The transaction was completed in December 2023.

Joint-stock companies ENSTRA and ENSTRA Power Generation have long been dedicated to innovations and intelligent solutions in energy distribution and supply. Support from Slovak Investment Holding (SIH) was implemented in 2019 in the form of direct capital investment in the amount of EUR 2.80 million from the resources of the Research and Innovation Operational Program. The investment was made through two tranches, which were drawn upon the fulfilment of contractually set performance goals and milestones.

ENSTRA used the capital provided by SIH for multi-purpose development, invested in the operation and construction of local distribution systems and intelligent technological solutions for end customers. Support from SIH also had a catalysing effect, thanks to which ENSTRA gained another important private investor.

The initiative to sell off business shares came from joint-stock companies. After careful consideration of the offer, elaboration of the valuation and subsequent negotiations, SIH decided to sell its share in both companies, which resulted in a successful valuation of the original investment. The resulting sales price for the business shares was EUR 3.644 million, i.e. higher than the contractually agreed minimum valuation and reflects the economic condition and growth of the company.

The market for products and services in the field of energy efficiency is experiencing intense development. It is influenced by the growing emphasis of domestic and European policies on environmental sustainability, as well as regulatory changes in the field of energy efficiency. SIH long-term supports strategic energy innovations and companies that contribute to the fulfilment of climate goals within Slovakia.

Slovak Investment Holding (SIH)

SIH is a 100 % state-owned joint stock company. Its primary mission is to support strategic public and private investments in Slovakia in the areas of infrastructure, energy efficiency, waste management, social economy, small and medium-sized enterprises, and cultural and creative industries. It draws funds for the implementation of investments from the European Structural and Investment Funds. SIH finances projects exclusively in a repayable form, i.e. through financial instruments and not through grants.