TNBiz (TNBiz)
Finance  |  September 15, 2010 01:30:01

E15: Czech EP Holding expands into Poland


PRAGUE (MEDIAFAX) - Energy and Industrial Holding (EPH), who also bet on entrepreneurs Křetínský Daniel and Peter Kellner, expand business in the coming weeks in Poland. Informed about the E15.

The company completes purchase there Silesia coal mine to be the first step to conquer the Polish market. PDC has already received approval by the Polish Ministry of Interior, which was one of the conditions
completion of the transaction.

"The last major open issue remains the transfer of mining licenses," said Director of Communications Holding Martin Manak. Polish newspaper Rzeczpospolita expected to purchase mine from Kompania Węglowa can be completed in early October. Manak this term will not anticipate.

Prices down, which is located only thirty miles from the Czech border around the Czech Cieszyn, PDC does. According to the Polish press Kompania Węglowa seller receives about half a billion.

Silesia mine is currently idle, practically stopped there and not benefit the interests of the Czech holding company probably would have waited closure. The Polish press states that the annual loss of mine is moving at the price you should pay the PDC.

Holding, which holds forty percent of the financial group J & T and Petr Kellner's PPF and the remaining twenty percent Křetínský Daniel himself, plans to invest Silesie billion. "Part of our plans is a fundamental modernization of the mine, mining methods and procedures," said Manak. He confirmed that a few years the company expects annual extraction of two million tons of coal.

At a time when the Czech CEZ energy leader focuses primarily on the domestic market, PDC also seeks to buy shares in the Polish energy company Energy and Enea.

In the struggle of Energy, which plans to build the largest Polish gas power, PDC moved up to the final battle with the Polish group of PGE. This is a favorite and now But the Czechs can only hope that the Polish antimonopoly office hopes stops competitors from PGE.

The Energy, of course, Czech entrepreneurs have put tens of billions of crowns.

"The Polish market is promising for us because of its size and growth potential in the energy segment. Privatisation and liberalization of the energy sector at the beginning and we can apply our good experience, "says Manak.

Polish media have also spread the message that the boss Daniel Křetínský Sparta Prague, who is also the head of EAV, is beginning to boom in the Polish energy sector.

Simone Radacicova,

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E15: Český EP holding se rozpíná do Polska

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