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Current Report No. 23/2018

17.07.2018 09:00

The approval of the Chairman of the Office of Competition and Consumer Protection (UOKIK) for the concentration involving establishing a joint undertaking by the Issuer and the Polish Development Fund (Polski Fundusz Rozwoju S.A.)

In reference to the current report no. 11/2018 of March 28, 2018, related to the signing of the transaction documentation defining the terms of the investment by Fundusz Inwestycji Infrastrukturalnych – Kapitałowy Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (Infrastructure Investments Fund – Non-public Assets Closed-end Equity Investment Fund) and Fundusz Inwestycji Infrastrukturalnych – Dłużny Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (Infrastructure Investments Fund - Non-public Assets Closed-end Debt (Fixed Income) Investment Fund) (collectively the ”Funds”), managed by Polski Fundusz Rozwoju S.A. (Polish Development Fund) (”PFR”), in Nowe Jaworzno Grupa Tauron sp. z o.o. (”Special Purpose Vehicle”), carrying out the 910 MW power generation unit construction project in Jaworzno (”Unit”), the Management Board of TAURON Polska Energia S.A. (”Issuer”) informs that on 17 July 2018 the Issuer received the decision of the Chairman of the Office of Competition and Consumer Protection (”Chairman of UOKiK”) of 13 July 2018, on granting an unconditional approval for the concentration involving establishing a joint undertaking named Nowe Jaworzno Grupa Tauron sp. z o.o. by the Issuer and PFR, acting via the Funds, on the terms defined in the application of the Issuer and PFR. The joint undertaking mentioned in the above indicated decision of the Chairman of UOKiK will be the Special Purpose Vehicle.

Granting of the above approval by the Chairman of UOKiK means fulfillment of one of the suspending conditions envisaged by the Investment Agreement signed by the Issuer, the Funds and the Special Purpose Vehicle on March 28, 2018, constituting one of the documents included in the transaction documentation mentioned in the current report no. 11/2018.

 

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