Gas firm PGNiG could buy SPEC and Vattenfall Heat Poland simultaneously.

By bne IntelliNews February 25, 2011
Blue-chip natural gas firm PGNiG claims that the best option for the firm would be a simultaneous takeover of Warsaw heating firm SPEC and cogeneration heat plant EC Warszawskie (Vattenfall Heat Poland), the firm's CEO Michal Szubski has said. PGNiG has already taken SPEC's information memorandum. Offers for the firm are to be presented by Mar 28 with the decision as to which companies qualified for the second stage will be announced by Apr 20. PGNiG could buy both firms alone or together with a financial or strategic partner, Szubski also said. In the autumn, Sweden's Vattenfall said that it would sell its Polish assets in 2-3 year. In Poland, Vattenfall owns power distributor Vattenfall Distribution Poland SA (formerly, GZE), heat-and-power plant group Vattenfall Heat Poland (formerly, EC Warszawskie) and 18.67% stake in the third-biggest power group Enea. ISB
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss