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PGE finalizes the takeover of a major Polish company!

PGE president Wojciech Dąbrowski is already finalizing the recovery of an important company, also for security reasons – said Jacek Sasin, deputy prime minister, minister of state assets in Toruń on Wednesday.

Lifting the veil of secrecy … “

Sasin, during his speech during the conference “Poland’s energy security” at the Academy of Social and Media Culture in Toruń, recalled the “courageous” decisions previously taken by PGE, which bought the municipal thermoelectric plant and the network district heating.

It was a great action to regain Polish ownership and Polish energy sovereignty. Purchase of the heating network, purchase of the heating network – there are several combined thermal power plants in Poland from the French company EDF

– He said.

I know that today the president (Wojciech – PAP) Dąbrowski is thinking about the next one (transactions – PAP), or he is finalizing an important one (…) – let me tell you, for now, lifting the veil of secrecy – also important for our safety; in a moment he will recover for Poland

Sasino said. As he added, “further talks are underway on other issues as well.”

The Bloomberg agency announced Wednesday that they could be, for example, companies: Fortum, CEZ, or EON, Ipopema.

The head of MAP stressed that in other companies too, the government follows the philosophy that “these key companies in Poland should be Polish; it should be in Polish hands ”.

We will implement it consistently

– emphasized Sasin.

The PGE Capital Group is the largest company in the energy sector in Poland in terms of revenues and profits generated. The State Treasury has less than 61 percent in PGE. To share.

In 2017, PGE took over EDF’s Polish operations, making it the largest heat producer in the country. The transaction included the purchase of all EDF shares in EDF Polska, which owned the Rybnik power plant, the combined thermal power plant in Krakow, Gdańsk, Gdynia and Toruń and the heat distribution network in Toruń. Furthermore, the transaction involved the purchase of all EDF shares in ZEC Kogeneracja, owner of four thermoelectric plants: Wrocław, Zielona Góra, Czechnica and Zawidawa, and the heat distribution network in Zielona Góra, Siechnice and Zawidaw. Upon completion of the transaction, the PGE Group’s thermal capacity increased by more than 100%, from 3.55 GWt to ​​7.57 GWt, and installed electrical capacity increased by 25%, to 15.95 GWe. The acquired businesses of EDF Polska changed its name to PGE Energia Ciepła.

kk / PAP

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