Czech EPH confirms interest in reopened negotiations for 51% of Enea.

By bne IntelliNews November 19, 2010
Local energy holding Energeticky a Prumyslovy Holding (EPH) has confirmed its interest in the acquisition of 51% of Polish power utility Enea, the M&A newswire DealWatch informed quoting Polish News Bulletin. Earlier in the week, the Polish treasury ministry decided to reopen negotiations for the sale of Enea with interested parties. The decision followed the authorities, concerns that the Kulczyk Holding would not be able to keep the company because of the significant debts it would have to take to acquire it or that it would sell it to foreign investors. So far neither French EDF, nor GDF Suez, has confirmed interest in participating into new negotiations. The authorities want to complete the transaction by the end of March, against earlier plans for completion by the end of December. Enea is the third-largest Polish power utility and the majority stake is valued at some PLN 4.3bn (CZK 27.3bn, EUR 1.1bn).

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335