Australian fund IFM joins the race for EDF's Polish heating assets

Australian fund IFM,  through its unit Veolia Energia Polska submitted the highest bid for EDF's Polish heating assets, which have a 15 percent  share of the local market and are valued  at around € 1 billion, according to Puls Biznesu. The sale is a part of EDF's strategy to focus on nuclear and renewable energy. Poland's Ministry of Energy wants EDF to postpone the sale until one of the four state-run energy groups regains enough financial stability to buy the plants, saying the assets require "special attention during ownership changes." According to EDF's plan, binding offers are expected in September.  Apart from IFM, Fortum,  polish fund Eneris and CEZ are other companies taking part in the talks.