EDF Finalizes EUR1.4 Billion Polish Asset Sale
14 Novembre 2017 - 09:58AM
Dow Jones News
By Nathan Allen
Electricite de France SA (EDF.FR) on Tuesday said that it had
finalized the sale of its EDF Polska assets to PGE Polska Grupa
Energetyczna SA (PGE.WA) for around 1.4 billion euros ($1.63
billion).
The French utility group had previously announced its intention
to sell the assets to PGE in May.
The sale will reduce net debt by around EUR1 billion and reduce
EDF's carbon footprint by approximately 23%, it said.
The transaction forms part of EDF's strategy to sell off around
EUR10 billion in assets by 2020.
EDF will maintain its presence in Poland through its
subsidiaries EDF Energies Nouvelles, Dalkia Energy Polska and
Fenice Poland. It also said it intends to partner with the Polish
government to help develop the country's energy mix.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
November 14, 2017 03:43 ET (08:43 GMT)
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