Eesti Gaas to acquire Polish energy business of EWE Group.

Eesti Gaas, an oil & energy company, agreed to acquire Polish energy business of EWE Group, a service provider active in the business areas of sustainable energy supply. Financial terms were not disclosed. "EWE has set itself the goal of significantly increasing its investments in an increasingly climate-neutral and more digitalised energy future. To this end, we are focussing on defined strategic growth areas such as the expansion of renewable energies and the development of a hydrogen economy on the one hand, and on our core regions on the other, where we bear special responsibility for the success of the transformation. This means that we are also making portfolio decisions. EWE Polska complements the core business and growth ambitions of Eesti Gaas, so that the change of ownership would open up new growth opportunities for the company on the Polish energy market," Stefan Dohler, EWE Chairman of the Board of Management.