EDF : EDF in exclusive negotiations for the sale of EDF Polska's assets
October 26 2016 - 2:10AM
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PRESS RELEASE
26 October 2016 |
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EDF in exclusive
negotiations for the sale of EDF Polska's assets
Following an open and competitive
process, EDF announces it entered into exclusive negotiations with
IFM Investors on the basis of a binding offer for its cogeneration
activities (electricity and heat) in Poland[1]. A
distinct sale process for the coal-fired Rybnik power plant (1.8 GW
capacity) is ongoing and the EDF Group entered into exclusive
negotiations with EPH.
These transactions take place
within the framework of EDF's CAP 2030 strategy and of the disposal
plan announced by the Group on 22 April 2016.
In accordance with the Group's
social guidelines, EDF will inform employees' representation bodies
of these transactions.
The relevant national and European
regulatory approvals and authorisations, including the agreement of
the Polish government, will need to be obtained to pursue and
finalise the two sale processes in the first semester of 2017.
EDF Group will maintain its
presence in Poland through its subsidiaries EDF Energies Nouvelles
and Dalkia. It also intends to remain a partner of the Polish
government in the context of the evolution of the country's energy
mix, including its nuclear programme.
A key player in energy transition,
the EDF Group is an integrated electricity company, active in all
areas of the business: generation, transmission, distribution,
energy supply and trading, energy services. A global leader in
low-carbon energies, the Group has developed a diversified
generation mix based on nuclear power, hydropower, new renewable
energies and thermal energy. The Group is involved in supplying
energy and services to approximately 37.6 million customers, of
which 27.8 million in France. The Group generated consolidated
sales of €75 billion in 2015, of which 47.2% outside of France. EDF
is listed on the Paris Stock Exchange.
About :
IFM Investors
IFM Investors is owned by 29
Australian superannuation funds and manages over $55 billion across
infrastructure, listed equities, debt investments and private
capital. Over the last 20 years it has invested in a range of
infrastructure sectors including airports, seaports, toll roads and
electricity generation.
EPH
Energetický a prumyslový holding
(EPH) is a leading Central European energy group that owns and
operates assets in the Czech Republic, the Slovak Republic,
Germany, Italy, the UK, Hungary and Poland. EPH is a vertically
integrated energy utility covering the complete value chain ranging
from highly efficient cogeneration, power generation, and natural
gas transmission, gas storage, gas and electricity distribution and
supply.
[1] The
transaction scope includes the coal-fired cogeneration plants of
Czechnica, Gdansk, Gdynia, Krakow, Torun and Wroclaw, as well as
the gas-fired cogeneration plants of Zawidawie and Zielona Gora
which represents an aggregate installed capacity of 4.4 GWth and
1.4 GWe. It also includes heat distribution networks in Czechnica,
Torun, Zawidawie and Zielona Gora. The Wroclaw power plant and and
the power plants and heating networks of Czechnica, Zawidawie and
Zielona Gora are indirectly owned at 50% + 1 stake through
Kogeneracja company.
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EDF SA
22-30, avenue de Wagram
75382 Paris cedex 08
EDF SA share capital €1 006 625 695,50 euros
552 081 317 R.C.S. Paris
www.edf.com |
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CONTACTS
Press office: +33 1 40 42 46 37
Analysts and investors: +33 1 40 42 40 38
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EDF PR exclusive negotiations EDF
Polska
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: EDF via Globenewswire