Veolia, a French transnational company with activities in water management, waste management and energy services, agreed to acquire Pražská Teplárenská, a company responsible for the district heating network, form EP Energy, an on-shore oil and natural gas exploration and production company. Financial terms were not disclosed. The acquisition will help the company to strengthen its position in Central and Eastern Europe and align with its strategy to improve the management of municipal heating networks and customer offerings through long-term national and local alliances.