Companies & Finance

EDF completes sale of Polish subsidiary assets

French utility EDF has finalised the €1.4 billion sale of the assets of its Polish subsidiary EDF Polska.
By Staff reporter 14 November 2017 0 28371

French utility EDF has finalised the €1.4 billion ($1.6 billion) sale of the assets of subsidiary EDF Polska to PGE Polska Grupa Energetyczna, EDF said in a note on Tuesday.

The package includes cogeneration and power assets. The deal is part of EDF’s CAP 2030 strategy, which includes a plan to dispose of assets worth at least €10 billion between 2015 and 2020.

The group will maintain its presence in Poland through its subsidiaries EDF Energies Nouvelles and DK Energy Polska. The agreement was first announced...