Current Report No. 123/2016
2016.12.27 16:26
Warsaw, December 27th 2016
Letter of intent regarding a potential investment in Polimex-Mostostal S.A. and application filed with Polish competition regulator
Current Report No. 123/2016
Further to Current Report No. 116/2016 of December 6th 2016, the Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. (“PGNiG”, “Company”) announces that on December 27th 2016 the Company entered into a letter of intent with ENEA S.A., ENERGA S.A., PGE Polska Grupa Energetyczna S.A. (“Investors”) and Polimex-Mostostal S.A. (“Polimex”), in which the Investors expressed their intent to consider a potential investment in Polimex, and which serves as the basis for entering into talks with Polimex to work out detailed parameters of the transaction.
On the same day, PGNiG and the Investors filed an application with the Polish Office for Competition and Consumer Protection (“UOKiK”), requesting the President of UOKiK’s approval for business concentration involving the acquisition of joint control of Polimex by the Investors.
