Czech Penta Investments eyes Polish assets of Vattenfall.

By bne IntelliNews April 13, 2011
Czech private equity fund Penta Investments is interested in the Polish assets of Swedish energy group Vattenfall Europe, company investment director Jozef Janov told PAP newswire. Penta has submitted a provisional bid for 85% of Warsaw heating company SPEC with the value of the stake being estimated at some PLN 1bn (CZK 6.1bn). Janov said Penta was looking for transactions exceeding EUR 100mn. SPEC operates the largest municipal heat distribution network in the EU. It operates 1,650mn of pipelines and supplies heat to more than 19,000 buildings in Warsaw. Penta, mainly investing in retail, healthcare, energy, entertainment, telecommunications and private banking, currently operates in the Czech Republic, Slovakia and Poland.
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