Contents of the report
The Management Board of PGE Polska Grupa Energetyczna S.A. (the ”Company”), in connection with the current report no. 69/2016 dated December 6, 2016, discloses that on December 27, 2016 the Company has signed a letter of intent with ENEA S.A., Energa S.A., PGNiG S.A. (“Investors”) and Polimex-Mostostal S.A. (“Polimex”). In the letter, the Investors have expressed intention to consider potential investment in Polimex and have begun the talks with Polimex aimed at developing detailed parameters of the transaction.
At the same time on December 27, 2016, the Company along with the Investors, submitted to the Office of Competition and Consumer Protection (“UOKiK”) a request to the President of UOKiK for approval of concentration, that involves taking joint control over Polimex by the Investors.