CEZ eyes EDF's assets in Poland

CEZ, the largest Czech power utility said it was interested in the Polish assets of French EDF, particularly, the electric power plant in Rybnik. The media reported recently that EDF was planning to put all of its Polish power plants up for sale. "The assets of EDF's are very interesting to us," said Bohdana Horackova, CEO at CEZ Polska. She added, however, that the terms and conditions of the transaction will be taken into account. EDF has a 10 percent share in the Polish electric energy market and a 15 percent share in the district heating segment. EDF wants to complete the sale by mid-2016 if it finds a buyer for the entire holding, it is valued at between PLN 1.5 million and PLN 2 million, otherwise, the process could be prolonged. The company did not wanted to comment on the news, Puls Biznesu reported. PGNiG Termika and Czech EPH could be interested in the offer, the daily reported. EDF owns electric and heating power plants in Kraków, Gdynia, Gdańsk, Zielona Góra, Wrocław and Toruń and an electric power plant in Rybnik (Śląskie voivodship).