Deadline for bids to buy 16% of the energy market

Today is the deadline for investors' offers in the privatization of the G-8 group, the electric energy distributors from Northern Poland. After Spanish energy giant Iberdrola lost exclusive negotiation rights with the Treasury Ministry, two other companies have expressed their interest in the G-8 group: Belgian Electrabel and German E.ON with its partner e.dis Energie Nord. The State Treasury will analyze the updated binding offers from the potential investors and make a decision within the next two weeks. However, even if the current Treasury Minister, Aldona Kamela-Sowinska should appoint an investor, the new government may annul her decision. The new government may also choose to conduct the privatization process in an entirely different manner. G-8 represents 16 percent of the Polish energy market, while the value of the potential transaction is estimated to reach $ 500 million. (Prawo i Gospodarka, p. 3) M.T.K.