PGE Group will acquire by the end of 2017 eight CHP plants in the largest Polish agglomerations such as the Tri-City area, Wrocław and Kraków, a power plant in the city of Rybnik in Silesia and nearly 400 km of district heating network in four cities. The Office of Competition and Consumer Protection (UOKiK) has given condition approval for the purchase of the Polish assets of France’s EDF. The approx. PLN 4.5 billion transaction will be one of the largest M&A deals in Poland and Europe in recent years.
PGE Polska Grupa Energetyczna has obtained a PLN 500 million loan to support its long-term distribution network development and modernisation programme. The agreement between PGE and the European Bank for Reconstruction and Development was signed on 7 June.
PGE Polska Grupa Energetyczna has successfully concluded negotiations on the purchase of French EDF’s assets in Poland. Thanks to the independent acquisition of 8 CHP plants in the biggest agglomerations such as Trójmiasto (Tricity), Wrocław and Kraków, located in five voivodeships, the Rybnik power station in Silesia and almost 400 km of heating network in four cities, the PGE Group will strengthen its leading position on the Polish electricity market and will become the largest supplier of the system heat. A conditional agreement worth a total of PLN 4.5 billion was signed on 19 May 2017.