PGE Polska Grupa Energetyczna S.A signed a preliminary share sale agreement to acquire PKPE Holding Sp. z o.o. for PLN 1.9 billion on December 28, 2022. The purchase price subject to adjustments.

PGE will directly acquire 100% of the shares in the PKPE Holding Sp. z o.o., and, indirectly, 100% of the shares in PKP Energetyka S.A., and shares in other subsidiaries owned by the Company. The closing of the transaction is conditional upon obtaining the consent of the Office of Competition and Consumer Protection, closing the court dispute concerning the privatisation of PKP Energetyka, obtaining the consent of the Minister of State Assets and obtaining waivers from the financing institutions.

The closing of the transaction is planned to take place on April 3, 2023.