PGE tenders 1.2 mln shares in Kogeneracja

WSE-listed power group PGE acquired 1.2 million shares in its cogeneration unit Kogeneracja for PLN 81.8 apiece in the tender offer. The company planned to buy up to 2.38 million such shares representing a 16 percent stake. After acquiring the Polish assets of EDF, which included Kogeneracja, PGE owned 50 percent plus one share in the cogeneration unit. Kogeneracja owns of four combined heat and power plants, as well as three district heating networks.