Poland's PGE Completes Takeover of Polish Windfarms from DONG Energy
28 Juni 2013 - 4:54PM
Dow Jones News
By Marcin Sobczyk
WARSAW--Polish state-controlled power utility PGE Polska Grupa
Energetyczna SA (PGE.WA) Friday said it completed the takeover of
Polish windfarm projects with an enterprise value of 683 million
zlotys ($206 million) from DONG Energy Wing Power AS.
After the deal, PGE's windfarms have a combined installed
capacity of 198.5 megawatts, up from 138 megawatts previously.
The deal includes a package of planned wind projects with 555
megawatt potential capacity. DONG's 40 person team in Poland will
be incorporated into PGE's operations.
Write to Marcin Sobczyk at marcin.sobczyk@dowjones.com
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