September 28 (SeeNews) - Slovenian wholesale natural gas supplier Geoplin's shareholders will decide on a potential capital injection in the company in October, energy group Petrol [LJE:PETG] said.
"A decision on additional capital payment will be made by the owners after examining the presented scenarios and calculations at the next shareholders' meeting, which is expected to be convened in October," Petrol said in a filing with the Ljubljana Stock Exchange on Tuesday.
Petrol is the largest shareholder in Geoplin with a 74.3% stake, followed by the Slovenian state with 25.0%.
According to Slovenian media reports, the government is prepared to recapitalise the country's energy sector with 750 million euro ($722 million) and to inject capital in Geoplin.
"It is quite possible that in the near future, within the next month, you will hear that Slovenia will nationalise some company, not because we want it, but because the situation demands it from us," public broadcaster RTV quoted prime minister Robert Golob as saying in the National Assembly.
Geoplin, together with the state-owned electricity producer Holding Slovenske Elektrarne (HSE) and energy group Gen-Energija, will also receive a state guarantee of up to 400 million euro for obligations arising from transactions on the electricity market or gas purchases outside the EU, RTV reported.
($ = 1.0388 euro)
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