Polenergia to sell 50% in two SPVs PLN 94.3 mln to Statoil

WSE-listed power group Polenergia signed a preliminary conditional deal with Statoil Holding Netherlands to sell 50 percent stakes in two of its offshore wind farm units for PLN 94.3 million plus €5 million in installments and potential other payments, the company said in a market filing. The shares of Polenergia Bałtyk II and Polenergia Bałtyk III SPVs “which are carrying out projects of building offshore wind farms on the Baltic Sea,” are the subject of this transaction. The deal is pending antitrust watchdog UOKiK approval, which Polenergia hopes to secure by end-October. Polenergia will also grant Statoil the right to buy a 50 percent stake in Polenergia Baltyk I SPV.