Slovakia buys 49% stake from CEZ in Jaslovské Bohunice reactor expansion

Type: Acquisition · Technology: Nuclear · Country: Slovakia · Value: EUR 190M · Announced: 2026-10-01

Slovakia agreed to purchase the 49% stake that Czech state-majority company CEZ holds in the joint project to build a new reactor at the Jaslovské Bohunice nuclear power plant for €190 million, a valuation performed by Ernst & Young. The transaction covers CEZ's equity in the expansion of the Bohunice site, where Slovakia — through state company JAVYS which held the other 51% since 2009 — will consolidate ownership of the new unit. The new reactor being prepared in cooperation with the US company Westinghouse will have a capacity of almost 1,200 MW and is planned for construction at the Jaslovské Bohunice site roughly 60 km northeast of Bratislava. Slovak Prime Minister Robert Fico stated the block was awarded to Westinghouse without tender and that the total cost of the new unit will be about €15,000 million to be financed with foreign capital. Ernst & Young performed the valuation of CEZ's stake and the deal formalizes Slovakia's move to fully control the Bohunice expansion project ahead of construction with Westinghouse.

Analysis

Slovakia's state utility JAVYS agreed to purchase CEZ's 49% stake in the Jaslovské Bohunice reactor expansion for €190 million, giving JAVYS 100% ownership of the new near‑1,200 MW unit. CEZ, a Czech state‑majority electricity group, currently holds the 49% equity in the joint project. Westinghouse Electric Company, the US nuclear technology supplier, is providing the reactor technology for the planned unit. The €190 million valuation was performed by Ernst & Young and the total project cost is estimated at about €15 billion, to be financed with foreign capital. Slovak Prime Minister Robert Fico said the block was awarded to Westinghouse without tender and the site is located roughly 60 km northeast of Bratislava.

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