EDF Polska S.A. offered to acquire an additional 16% stake in Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. for approximately PLN 200 million.

EDF Polska S.A. offered to acquire an additional 16% stake in Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (WSE:KGN) on May 19, 2017. As of February 1, 2018, EDF Polska S.A. announced that under the offer, EDF Polska S.A. will acquire 2.38 million shares of Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. at PLN 81.80 per share for a deal value of approximately PLN 200 million. Upon completion, EDF Polska S.A. will own 33.74% stake in Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. The offer will remain open from February 21, 2018 till March 6, 2018, unless further prolonged. Dom Maklerski PKO Banku Polskiego w Warszawie acted as intermediary for PGE Energia Ciepla S.A. KPMG Advisory Sp. z o.o. acted as fairness opinion provider to Zespól Elektrocieplowni Wroclawskich KOGENERACJA.