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Antimonopoly Office President issues concentration approval

  • No. of the report: 45/2014
  • Report date: 09.10.2014
  • Report legal ground: Art. 56 section 5 of Act on Public Offering – information amendments

Contents of the report

In connection with the current report no 41/2014 dated September 3, 2014 on conclusion of the Partner's Agreement in project of preparation and construction of the nuclear power plant, the Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, the “Company”) discloses that on October 8, 2014, the Company received information about the decision of the President of the Office of Competition and Consumer Protection (“UOKiK President”) in case of request for concentration. After the antimonopoly proceeding initiated by PGE, KGHM Polska Miedź S.A., TAURON Polska Energia S.A. and ENEA S.A. (“Applicants”, “Parties”), the UOKiK President issued unconditional concentration approval for creation by the Applicants of a joint enterprise under the name PGE EJ 1 Sp. z o.o. Obtaining of concentration approval is the condition precedent for conclusion of agreement for the acquisition of shares in PGE EJ 1 sp. z o.o., that was specified in the Partners’ Agreement.

Legal ground: Art. 56 section 5 of the Act on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies (Dziennik Ustaw 2009 no 185, item 1439, as amended).
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