PGE interested in Vattenfalls' plants
11:24
PGE, Polish state-controlled power company is considering acquisition of some Vattenfall's assets, Forsal.pl reported.
The transaction is to be worth around €2-3 bn, according to estimates.
In Germany,Vattenfall is the owner of three coal power plants (Jaenschealde, Schwarze Pumpe and Boxberg) and posseses a half of the Lippendorf plant's stakes. Swedish company got rid of some assets in several countries due to $20 bn debt.
„We have to build strong energy sector's national champions. I am not rulling out acquisitions abroad,” the Minister of Treasury Włodzimierz Karpinski said. The ministry has been working on industry's consolidation plan. Vattenfal has 2.8 million customers and its revenues reached €13 bn in 2013. PGE revenues amounted to PLN 8 bn (around € bn) in 2013. http://forsal.pl/wydarzenia/artykuly/847057,pge-jest-zainteresowana-przejeciem-niemieckich-elektrowni-vattenfalla.html
