Vattenfall mobilizes for take over spree

Lars G. Josefsson, Vattenfall group president, disclosed in an interview with Puls Biznesu, that his company is planning to purchase several domestic competitors, but only in cases where it will be able to obtain majority control over the acquisition. Josefsson said that he is interested in securing a 100% stake in Elektrociepłownie Warszawskie (EW), where it currently holds a 70% stake as well as in Górnośląski Zakład Elektroenergetyczny (GZE), where it now holds 75% of the shares. "Between 2000-2003 we invested zł.560 million in EW and zł.393 million in GZE," revealed Josefsson. As part of Vattenfall's strategy to become the leading energy concern in Europe, the company is examining the Kozienice power plant, PKE, or BOT as potential acquisitions. (Puls Biznesu, pp. 1, 11) A.K.