PGE interested in Vattenfall's plants
13:04
PGE, the Polish state-controlled power company is considering acquisition of some of Vattenfall's assets, Forsal.pl reported.
The transaction is to be worth around €2-3 bln, according to estimates.
In Germany,Vattenfall is the owner of three coal power plants (Jaenschealde, Schwarze Pumpe and Boxberg) and possesses a half of the Lippendorf plant's stakes. The Swedish company got rid of some assets in several countries due to $20 bln in debt.
"We have to build strong energy sector national champions. I am not ruling out acquisitions abroad,” the Minister of Treasury Włodzimierz Karpinski said. The ministry has been working on the industry's consolidation plan. Vattenfall has 2.8 million customers and its revenues reached €13 bln in 2013. PGE revenues amounted to PLN 8 bln (around €2 bln) in 2013.
