Slovenské elektrárne, a.s. (power) – led the € 1.2 billion financial and operational restructuring and privatisation of this Slovak power generator. The initiative included closing short term and long term debt and bond issues and the formation of core and relationship banking groups including the EBRD and EIB. The estimated interest cost savings were in the region of US$ 150 million per annum, with a further US$ 50 million per annum saved through operating cost efficiencies