EDF to acquire majority holding in Rybnik power plant

The State Treasury will today finalize the sale of 15% plus one share of the Rybnik power plant to the Electricite de France (EDF) group. This is the second stage of Rybnik's privatization, and as a result of the transaction EDF will become the majority shareholder in the plant. Prawo i Gospodarka estimates the value of the 15% stake at around $51 million. EDF purchased a first package of Rybnik shares in March this year. The 35% stake, which included German power concern Energie Baden Wuerttemberg (EnBW), was valued at almost $120 million. The Rybnik power plant supplies over 6% of Poland's domestic energy needs. (Prawo i Gospodarka, p. 4) M.T.K.