PGNiG Termika eyes takeovers worth up to PLN 1 bln

PGNiG subsidiary, PGNiG Termika is currently involved in two process which may end up in acquisitions, ISBnews web portal reported citing its CEO, Marek Dec. "The scale of possible transactions ranges from PLN 500 million to PLN 1 billion. We are the only ones left in one of the talks," Dec told the media. He added that one of the companies that PGNiG Termika is eyeing and is close to acquiring is worth less than PLN 500 million. PGNiG is interested in heat distribution (especially heating systems over 100 km long) and cogeneration production segments. Dec underlined that some acquisitions have to be carried out in order to meet the group's EBITDA aims.