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Announced

Completed

PGE completed the acquisition of PKP Energetyka from CVC Capital Partners for $436m.

Financials

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Transaction Value£361m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA2.73x
Share Price Premium-
One Off Charge-

Tags

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Private

Domestic

Majority

Acquisition

Friendly

Single Bidder

electricity distribution

Electricity Distribution

Poland

Private Equity

Completed

Synopsis

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PGE, a state-owned public power company, completed the acquisition of PKP Energetyka, a cross-country electricity distributor to the Polish railway network, from CVC Capital Partners, a private equity company, for $436m. “I am glad that the distribution of electricity for the entire rail transport is back in Polish hands. We will continue to develop the company towards a low-emission economy. Our ambition will be to supply green energy to rail transport,” Wojciech Dąbrowski, PGE CEO.

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