Poland will attempt to sell Enea stake this year

27 May 2011


The Polish government will try to sell its controlling stake in the country's third-largest utility, Enea, before the end of the year, according to an announcement by the country's Treasury minister, Aleksander Grad, at the European Economic Congress in Katowice recently.

The latest plan represents the Treasury’s third attempt at offloading its 51 percent stake in Enea, valued at zloty 5 billion, within the last two years. The most recent attempt, in April, ended when French utility EDF withdrew from exclusive talks with the Treasury over the sale.

Two key issues have hampered attempts to sell the utility: agreement over price and the requirement that Enea’s buyer invests in the company's Kozienice power station.

Recently Enea dropped an attempt to buy the Polish assets of Sweden's utility Vattenfall, valued at around zloty 6.5 billion.




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