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Current Report No. 27/2018

02.10.2018 16:05

Commencement of negotiations regarding acquisition of wind farms

The Management Board of TAURON Polska Energia S.A. (“Issuer”) hereby announces that on October 2, 2018 they received an invitation to commence negotiations (“Negotiations”) regarding the Issuer’s acquisition of the wind farms owned by in.ventus group and located in the northern Poland (“Transaction”).

The total installed capacity of the wind farms referred to above amounts to approximately 200 MW.

The Transaction may be executed by way of the Issuer’s acquisition of German and Polish partnerships operating the farms ("Project Companies"). In such case, the Issuer will assume all the rights and obligations of the existing partners of the Project Companies and at the same time acquire bank’s receivables against the Project Companies. The Issuer also allows the Transaction to be carried out through the acquisition of assets of the Polish project companies.

The purpose of the Negotiations will be to determine the possibilities, terms and conditions and financial parameters of the Transaction. Conclusion of the Transaction will depend on the satisfactory results of the Negotiations for all parties involved.

The execution of legally binding documentation regarding the Transaction or termination of the Negotiations regarding the Transaction otherwise shall be notified by the Issuer in a separate current report.

Legal basis: art. 17 section 1 of the MAR Regulation.
 

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