EDF in exclusive negotiations for the sale of EDF Polska’s assets
Following an open and competitive process, EDF announces it entered into exclusive negotiations with IFM Investors on the basis of a binding offer for its cogeneration activities (electricity and heat) in Poland1. A distinct sale process for the coal-fired Rybnik power plant (1.8 GW capacity) is ongoing and the EDF Group entered into exclusive negotiations with EPH.
These transactions take place within the framework of EDF’s CAP 2030 strategy and of the disposal plan announced by the Group on 22 April 2016.
In accordance with the Group’s social guidelines, EDF will inform employees’ representation bodies of these transactions.
The relevant national and European regulatory approvals and authorisations, including the agreement of the Polish government, will need to be obtained to pursue and finalise the two sale processes in the first semester of 2017.
EDF Group will maintain its presence in Poland through its subsidiaries EDF Energies Nouvelles and Dalkia. It also intends to remain a partner of the Polish government in the context of the evolution of the country’s energy mix, including its nuclear programme.
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