MPEC's plans to warm up and cool down as it seeks to divide and conquer

Heating provider Miejskie Przedsiebiorstwo Energetyki Cieplnej (MPEC), located in Wroclaw, is planning to split into four separate entities. MPEC provides heat to 3,500 heating junctions and would like to acquire a majority stake in rival heating provider Term-Hydral, which also provides heat to a part of Wroclaw. This acquisition would cost about zl. 10 million for a 75%-stake. In addition to expanding its heating network, MPEC also wants to develop an air-conditioning network. "MPEC is in good shape, so it is a good time for restructuring," said MPEC president Marek Rakowicz. Currently, MPEC provides 55% of Wroclaw with heat, and is expecting revenue for this year to be about zl. 281 million, yielding a net profit of zl. 33.5 million. (Rzeczpospolita, B3) M.M.