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The District Court in Warsaw, the Court of Competition and Consumer Protection dismissed the appeal made by PGE Polska Grupa Energetyczna S.A. against the decision of the President of the Office of Competition and Consumer Protection prohibiting the concentration of PGE Polska Grupa Energetyczna and Energa S.A.

  • No. of the report: 17/2012
  • Report date: 14.05.2012
  • Report legal ground: Art. 56 section 1 p. 1 of Act on Public Offering – confidential information

Contents of the report

The Management Board of PGE Polska Grupa Energetyczna S.A. declares that on 14 May 2012 the Regional Court in Warsaw – the Court of Competition and Consumer Protection, passed a judgement that dismissed the appeal made by PGE Polska Grupa Energetyczna S.A. against the decision of the President of the Office of Competition and Consumer Protection of 13 January 2011, reference number DKK - 1/2011, prohibiting the execution of the concentration involving the taking control over Energa S.A. by PGE Polska Grupa Energetyczna S.A. claiming that there are no grounds to acknowledge the said appeal.

The judgement is not final and binding and is appealable to the Court of Appeal.

Legal grounds: Article 56 section 1 subsection 1 of the Act of 29 July 2005 on Public Offering and the Conditions Governing the Introduction of Financial Instruments to the Organised Trading System, and on Public Companies (uniform text, Journal of Laws of 2009 No. 185, item 1439, as amended).