GZEGornoslaski Zaklad Elektroenergetyczny (Polish: Upper Department of Electricity; power plant)
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The firm delivers some 10% of the electricity consumed in the country and has about 1.1m clients.Country: , PolandSector: UtilitiesTarget: Gornoslaski Zaklad Energetyczny (GZE)Buyer: TAURON Polska Energia SAVendor: Vattenfall ABType: DivestmentStatus: Closed
The enterprise values of VHP and GZE are PLN3.7bn and PLN3.5bn, respectively.
The deal is expected to close by the end of the year and reflects an agreed enterprise value of PLN3.5bn for GZE, Vattenfall said in a statement.
Both transactions are expected to be wrapped up by the end of the year.Country: , PolandSector: UtilitiesTarget: Vattenfall Heat Poland SA (VHP), Gornoslaski Zaklad Electroenergetyczny (GZE)Buyer: PGNiG SA, TAURON Polska Energia SAVendor: Vattenfall ABDeal size in USD: 1.6bn, 1bnType: DivestmentStatus: AgreedComment: The USD1bn value refers to VHP, while the USD1.6bn refers to GZE.
"The sale of these holdings will facilitate for Vattenfall to concentrate its resources on our main interests in Poland, EW in Warsaw and GZE in Silesia," commented Hannu Kostiainen, managing director of Vattenfall Polen AB.