Locked content PGE planned EDF takeover a threat to competition – UOKiK

After further analysis, Poland’s antitrust watchdog UOKiK said that the planned takeover of  Polish assets by state-owned power utility PGE could pose a threat to competition and limit electricity sales of the commodity exchange TGE. “Increasing PGE’s position may also result in a decline in t...

Locked content Ministry of Energy considering options for PGE takeover of EDF assets

WSE-listed, state-owned power utility PGE is considering possibilities on how to be able to takeover the Polish assets of EDF, after antimonopoly watchdog UOKiK said that it has some “major reservations.” “There are some problems because the purchase will result in an excessive concentration of PGE ...

Locked content Ministry of Energy – no objections to the takeover of EDF Polska...

The Ministry of Energy has issued a decision not to raise objections to the takeover deal by the Polish Energy Group (PGE) of EDF Polska, informed the spokesperson Maciej Szczepaniuk. In the middle of May, PGE signed with EDF International SAS and EDF Investment II BV a conditional agreement to acqu...

Locked content UOKiK with ‘major reservation’ on PGE takeover of EDF assets

Poland’s anti-trust body UOKiK has “major reservations” about state-owned utility PGE takeover of the Polish assets of French utility EDF. UOKiK will publish its concerns later this month after it finishes the second stage of the proceedings. The additional stage was launched as UOKiK wanted t...

Locked content PGE confirms H1 results

WSE-listed power utility PGE had a PLN 1.49 billion H1 net profit, the company said in a market filing confirming the previous estimates. This is up from PLN 546 million net profit posted a year earlier. The company’s EBITDA amounted to PLN 3.44 billion, rising by 10 percent y/y. Revenues amou...

Locked content PGE with PLN 1.49 bln H1 net profit – prelim. results

WSE-listed power utility PGE had a PLN 1.49 billion H1 net profit, according to the company’s preliminary results. The company’s EBITDA amounted to PLN 3.44 billion. The company Capex in H1 stood at PLN 2.59 billion, while its debt amounted to PLN 4.71 billion. PGE’s final H1 results will be p...

Locked content PGE Polish EDF assets takeover under detailed scrutiny – UOKiK

WSE-listed power group PGE has been put under more detailed scrutiny of its takeover of Polish assets of French utility EDF by the antitrust watchdog UOKiK. The case has been entered into the second phase of the proceedings, reserved for more complicated cases. UOKiK wants to conduct, among others, ...

Locked content PGE cancels major IT tender

WSE-listed power giant PGE cancelled an IT for the supply of a customer care and billing system. The company, as a reason for such decision, explained that “material change of circumstances that causes the conduct of the procedure or performance of the contract not to be in the public interest anymo...