CEZ submits indicative offer to buy French EDF's Polish assets
CEZ Group submits an indicative offer to buy French EDF’s Polish assets, CEZ said in a statement posted on the Warsaw Stock Exchange (WSE)
The indicative offer concerns four heating plants (at Gdynia, Gdańsk, Kraków, and Wrocław), four heating plants with a heat distribution system (at Zielona Góra, Ciechnica, Toruń, and Zawidawie), and service companies. The generating facilities have a total installed capacity of 1.4GW in electricity and 4.4GW in heat, ranking first in electricity cogeneration and second in heat generation on the Polish market.
“These facilities are highly efficient and supply heat and electricity to customers in major Polish cities. We have extensive experience in operating such generating facilities, including facilities in Poland,” says Daniel Beneš, CEO for ČEZ.
When seeking investment opportunities, ČEZ is focusing on countries that are politically and geographically close to it. Given the current electricity price outlook, the regulated heat sector represents an interesting growth opportunity.
As previously reported, the transaction for the sale of EdF’s Polish thermal and electricity plants could be worth PLN 2bn (USD 511.2m).