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MESSAGE (ENGLISH VERSION) | |
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CEZ ACQUIRED MINORITY SHARE IN ELEKTROCIEPŁOWNI CHORZÓW ELCHO SP. Z O.O
The companies CEZ Chorzów B.V. and Elektrownia Chorzów S.A concluded
contract concerning transfer of 24.8 % of shares of Elektrociepłowni
Chorzów Elcho Sp. z o.o. As a result of this agreement CEZ, through its
affiliate CEZ Chorzów B.V., will become 100% owner of the power company
Elektrociepłowni Chorzów Elcho Sp. z o.o.
By this action CEZ continues in consolidation of companies in Poland,
owned by it, and improvement of their management efficiency, which will
be further reinforced by this 100% ownership. The said transaction,
including transfer of shares, will be settled within the next days.
Additional details concerning the transaction, including the purchase
price, will not be available publically as agreed between the parties of
the transaction.
The power company CEZ acquired majority shares in power companies Elcho
and Skawina in 2006. Elcho is situated 8 km north-westwards from
Katovice and co-generates electric power and heat by black coal
combustion in two modern units with total installed capacity of 238 MW.
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