Uniper gets French approval for power assets sale to Kretinsky's EPH

05/07/2019 09:07 Electricity Market

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German energy group Uniper said it had signed agreements to sell its power generation and distribution businesses in France to Central European energy group EPH after receiving approval from the French government.

Uniper and EPH, majority owned by Czech billionaire investor Daniel Kretinsky, entered exclusive negotiations for the deal in December, and they had been waiting for the French government’s clearance following approval from EU competition authorities in May.

 

The firms did not disclose the value of the deal.

 

The assets includes two gas-fired power plants with a total capacity of 828 megawatts (MW), two coal power generation units with an installed capacity of 1,200 MW, a 150 MW biomass power plant and 100 MW of wind and solar generation capacity.

Source: reuters.com

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