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PGPKY PGE Polska Energetyczna SA (PK)

4.13
0.00 (0.00%)
02 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 4.84 0.00 21:00:02

Poland's PGE, Energa to Buy Iberdrola's Polish Windfarms

26/02/2013 10:04am

Dow Jones News


PGE Polska Energetyczna (PK) (USOTC:PGPKY)
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WARSAW--Polish state-controlled power utility PGE Polska Grupa Energetyczna SA (PGE.WA) and a unit of local peer Energa SA have agreed to take over 75% of shares in a Polish windfarm company owned by Spain's Iberdrola SA (IBE.MC) for 840 million zlotys ($266.57 million), PGE said in a statement Tuesday.

PGE said it plans to buy the remaining 25% in Iberdrola Renewables Polska, now held by the European Bank for Reconstruction and Development. PGE will acquire windfarms with a capacity of 70.5 megawatts and projects that will add a further 36 megawatts. Energa will buy windfarms with a capacity of 114 megawatts and projects with a total planned capacity of 1,146 megawatts.

PGE and Energa earlier in February agreed to buy the Polish windfarm portfolio of DONG Energy A/S for PLN1 billion zlotys.

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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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