The EDF Group received on May 11, 2017 a unilateral put option agreement from PGE Polska Grupa Energetyczna SA (a company controlled by the Polish State and the main electricity producer in Poland), according to which the latter commits to buy all of EDF Polska assets (cogeneration and electricity generation).
This put option agreement submitted by PGE is the outcome of the negotiations initiated on January 2017 with a consortium of Polish companies.
This transaction has been presented to the EDF Group employees representative bodies in accordance with the Group social guidelines, and the execution of the agreements shall be submitted shortly for approval to EDF’s board of directors. The closing of the transaction may occur during the second semester 2017, after obtaining the required regulatory approvals, in particular the prior authorization from the Polish competition authority and the approval from the Polish government.
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