EDF, Electrabel and RWE evaluate Warsaw's STOEN

According to undisclosed sources, the three companies short-listed to take part in the privatization of Warsaw energy distributor STOEN - French EDF, Belgian Electrabel and German RWE - have valued the company at zl. 1.5 - zl. 1.7 billion. This means that these potential investors would pay between $470 and $550 for each of the company's customers. According to analysts, this is far too little for a partnership considered to be the most attractive representative of the Polish energy distribution sector. STOEN controls only 5% of domestic energy sales but is the only player operating in such a convenient environment. The company has the most affluent customers in Poland and a market growing even during a period of poor business, which means a constant increase in the demand for energy. " On the other hand, market liberalization will create fierce competition in Warsaw, which means an increased risk of losing customers," said a sector analyst. (Puls Biznesu, pp. 1, 3) M.M.