EDF : Put option agreement with PGE on EDF Polska's cogeneration and power generation assets
May 11 2017 - 12:35PM
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Press release
11 May 2017 |
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Put option agreement with PGE on
EDF Polska's cogeneration and power generation assets
EDF Group received on May 11, 2017 a unilateral
put option agreement from PGE Polska Grupa Energetyczna SA (a
company controlled by the Polish State and the main electricity
producer in Poland), according to which the latter commits to buy
all of EDF Polska assets (cogeneration and electricity
generation).
This put option agreement submitted by PGE is the
outcome of the negotiations initiated on January 2017 with a
consortium of Polish companies.
This transaction has been presented to the EDF
Group employees representative bodies in accordance with the Group
social guidelines, and the execution of the agreements shall be
submitted shortly for approval to EDF's board of directors. The
closing of the transaction may occur during the second semester
2017, after obtaining the required regulatory approvals, in
particular the prior authorization from the Polish competition
authority and the approval from the Polish government.
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 37.1 million customers, of
which 26.2 million in France. The Group generated consolidated
sales of €71 billion in 2016. EDF is listed on the Paris Stock
Exchange.
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EDF SA
22-30, Avenue de Wagram
75382 Paris Cedex 08
Capital de 1 054 568 341,50 euros
552 081 317 R.C.S. Paris
www.edf.fr |
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CONTACTS
Press office: 01 40 42 46 37
Analysts and investors: 01 40 42 40 38 |
PR EDF POLSKA PGE
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Source: EDF via Globenewswire