Friday, January 16, 2015

PGE is not involved in the sale of the assets of Vattenfall – Business portal wnp.pl

PGE is not involved in the sale of the assets of Vattenfall – Business portal wnp.pl

– PGE is not involved in the sale of the assets of Vattenfall in Germany. The main objective of the Group’s strategy for 2014-2020 is to build value for shareholders PGE. The company is a leader in the Polish energy roar, and it involves the continuous analysis of different possible scenarios. The basis of our work is always the synergy analysis, the attractiveness of the transaction and, consequently, its impact on the value of PGE. We believe that our scenarios must primarily take into account the ability of the acquisition on the company’s historical market – PGE announced in a press release.

In October, 2014. Vattenfall has announced that it will examine the possibility of selling coal mines brown and it fired power plants in Germany. This is the effect of the Swedish government’s decision, to be and Vattenfallowi focus on renewable energy sources.

– We have a clear strategy to reduce our CO2 emissions and transform our business in a way that was more based on renewable energy sources. The board of directors decided that Vattenfall will examine the possibility of creating a sustainable, the new ownership structure of assets based on lignite – said in October 2014. Magnus Hall, President and CEO of Vattenfall.

Vattenfall announced that he will remain active in other areas of energy, such as heating and energy distribution, sale and trading of electricity and wind power.

The Swedish company has in Germany four lignite-fired plants Schwarze Pumpe 1600 MWe, Boxberg power of 2575 MW, Jänschwalde power of 3000 MW and Lippendorf power of 1782 MW (in the power plant of Vattenfall owns 50 per cent . shares).

Vattenfall also has plans to build new coal mines in the states of Brandenburg and Saxony.

Sale of assets based on lignite by Vattenfall is the result of a new government in Sweden. Elections in Sweden in 2014. Held on 14 September 2014. The winner was in them, winning 31 percent. votes, the opposition Swedish Social Democratic Party (SAP). The Social Democrats, together with the Green Party, which won 6.9 percent. votes, formed a minority government.

The Government of Sweden is 100 percent. Vattenfall owns.

Representatives of the new government also declared that Sweden should abandon nuclear power and rely on renewable energy sources.

In 2014, Czech media reported that the purchase of Vattenfall’s German assets are concerned, CEZ Group and Energetický and Průmyslový Holding (EPH).

– Our subsidiary monitors the entire process. Our interest is logical because we operate in the same industry and practically in the same region – said the spokesman Daniel Častvaj EPH.

The interest in buying the German power plant of Vattenfall also expressed investment groups Blackstone, CVC, KKR and Macquarie.

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