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PGPKY PGE Polska Energetyczna SA (PK)

4.13
0.00 (0.00%)
03 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
PGE Polska Energetyczna SA (PK) USOTC:PGPKY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.13 2.22 5.87 0.00 18:24:02

Poland's PGE Completes Takeover of Polish Windfarms from DONG Energy

28/06/2013 3:54pm

Dow Jones News


PGE Polska Energetyczna (PK) (USOTC:PGPKY)
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By Marcin Sobczyk

WARSAW--Polish state-controlled power utility PGE Polska Grupa Energetyczna SA (PGE.WA) Friday said it completed the takeover of Polish windfarm projects with an enterprise value of 683 million zlotys ($206 million) from DONG Energy Wing Power AS.

After the deal, PGE's windfarms have a combined installed capacity of 198.5 megawatts, up from 138 megawatts previously.

The deal includes a package of planned wind projects with 555 megawatt potential capacity. DONG's 40 person team in Poland will be incorporated into PGE's operations.

Write to Marcin Sobczyk at marcin.sobczyk@dowjones.com

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