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Current Report No. 49/2019

22.11.2019 15:15

Decision on admitting bidders to due diligence of TAURON Ciepło Sp. z o.o.

In reference to the current report No. 23/2019 of 27 May 2019, the Management Board of TAURON Polska Energia S.A. (“Issuer") announces that on 22 November 2019 it decided to admit bidders to due diligence of TAURON Ciepło Sp. z o.o. ("TAURON Ciepło"), which may end with submission of binding offers. This decision was made, among others based on preliminary, non-binding offers to purchase TAURON Ciepło ("Transaction").

The conclusion of the possible Transaction will require in particular obtaining relevant corporate consents and approvals of institutions financing the operations of the Issuer's Capital Group. The Issuer allows the possibility of the process cancelation leading to the conclusion of the Transaction.

Legal basis:
Article 17 item 1 of MAR - inside information


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