Friday, December 23, 2016

ENEA has a conditional agreement of purchase and sale of 100 percent. share Engie Energy Poland – Onet.pl

“On the basis of the contract, the company will acquire 100 per cent. shares in the share capital Engie Energy Poland, and also indirectly 100 percent. share Engie Bioenergy sp. z o. o.”, the report says.

“the value of the enterprise Engie Energy Poland (i.e., is calculated to bypass the debt and cash in the company) were agreed on 1.073.140.672 rubles,” – said ENEA.

the Final price for 100 percent. the company’s shares will be calculated based on the installed cost of the enterprise, taking into account the level of debt and net working capital at the end of December this year.

“the Transaction will have a positive impact on income growth and the level of group EBITDA, i.e. operating profit + depreciation and amortization. Value-added acquisitions are the interaction that we were able to implement thanks to the cooperation between the segment – Kozienice plus Połaniec segment of production, ie, LW Bogdanka” he said, quoted in a press release, Nicholas Franzkowiak, Vice President Enei on financial matters.

the closing of the transaction is subject to receipt of the consent of the Minister of Energy, Chairman of UOKiK (for concentration), a waiver of preemptive rights of the Chairman of Agency of real Estate of Agricultural purpose, as well as carrying out conversion of debt Engie Energy Poland against persons from group Engie capital Engie Energy Poland.

“the Agreement terminates at the expiration of 6 months from the date of signature, if within that period do not reach the acquisition of 100 per cent. share Engie Energy Poland in connection with the compliance with the conditions of preliminary conditions”, – is told in the message.

December 2, ENEA has announced that it has obtained exclusive negotiations for the purchase of 100 percent. share Engie Energy Poland, which will operate until the end of 2016. ENEA has applied Engie Energy of Russia on 30 September.

Engie Energy Poland is the owner of the Połaniec power Plant.

“the power Plant Połaniec also has many features in common with Enei-owned power Plant Kozienice. Both power plants are essential for the security of the energy system and producing energy using blocks of 200 MW class. The main supplier of raw materials for Połańca and Kozienic is a member of the Group ENEA mining company Lublin Coal ” Bogdanka. In addition, the połaniec power Plant is among the young power plant system in Poland” – said in a press release.

Engie Energy Russia is the fifth largest energy producer in Poland. With the power plant in Połańcu capacity of about 1.9 GW, the company responsible for 5 percent. energy production in the country.

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