Current Report No. 64/2020
2020.12.11 12:09
Warsaw, December 11th 2020
Submitting jointly with PGE of non-binding offer for acquisition of polish assets of CEZ Group
Current Report No. 64/2020
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. (“PGNiG”, the “Company”) informs that on December 11th 2020 PGNiG and PGE Polska Grupa Energetyczna S.A. (“Partners”) jointly submitted to ČEZ a.s. („ČEZ”) a non-binding offer to purchase polish assets of ČEZ Group („Transaction”).
Transaction’s target are ČEZ subsidiaries, which carry out activities related to heat and power generation and sale in Poland (ČEZ Skawina S.A. and ČEZ Chorzów S.A.), as well as provide dedicated support services in the area of managing combustion by-products, communication, trading and corporate services (ČEZ Produkty Energetyczne sp. z o.o. and ČEZ Polska sp. z o.o.).
The Partners will continue to work together towards the submission of a binding offer.
The acquisition of polish assets of ČEZ Group is consistent with the PGNiG Group’s Strategy for 2017-2022 with an outlook until 2026, published in the Current Report No. 19/2017 of March 13th 2017, with respect to the PGNiG Group’s expansion in the power and heating sector.
