Enea allowed to acquire PAK

MG
opublikowano: 08-02-2008, 16:43

Warsaw (Puls Biznesu) - Energy group Enea has received the approval from Aleksander Grad, the Minister of Treasury, to acquire PAK power plants controlled by Zygmunt Solorz-Zak.

Enea, the energy group from Poznan, has the approval of its owner, i.e. the Ministry of the Treasury, to acquire PAK power plants, as “PB” has just learnt. Jan Bury, the deputy minister of the treasury responsible for the energy sector was unavailable for comment yesterday.

“In fact, we have been given green light here. But it does not that we have made decision. There are too many uncertainties while a priority remains our stock debut”, Pawel Mortas, Enea CEO said.

 

The issue may be decided over upcoming years when Enea has its strategy ready.

“We need to take into account the new market conditions. The situation has changed substantially against last year. The situation of power producers has deteriorated because of the carbon dioxide limits. Power plants using lignite, PAK including. We know that government is still working over the bill and these conditions may be subject to change. We will know final solutions before February ends”, Pawel Mortas said.

New strategy is necessary because energy prices remain unstable. They were supposed to be freed early this year. The regulator changed its mind and the prices for individual clients are still regulated by the state.

 

Over 40 percent of PAK shares is controlled by Zygmunt Solorz-Zak and his company Elektrim. They were ready to sell the stake for PLN 2bn (EUR 552m) last year.

(PLN 1 = EUR 0.276)

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Podpis: MG

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