PRESS RELEASE
30th June 2015
 
 
 

EDF and EP Energy sign definitive agreement for the sale of 95.6% of Budapesti Eromu Zrt. (BERT)


EP Energy, a.s., has, through its subsidiary company EP Hungary, a.s., entered into an agreement with France-based E.D.F. International (EdF) on the sale of its majority stake in Hungary-based Budapesti Eromu Zrt.            
EP Energy will therefore acquire more than 95% of the shares in a company that owns three gas-fired cogeneration (combined heat & power) plants: Kelenföld (with an installed capacity of 188 MWe and 395 MWt), Újpest (105 MWe and 421 MWt) and Kispest (113 MWe and 366 MWt). These CHP plants meet almost 60% of the demand for heat in Budapest and generate approximately 3% of Hungarian electricity.

The transaction is subject to approval by the Hungarian anti-monopoly authority and endorsement by the Hungarian regulator, and authorisation by the French Ministry of Economy is also required.

EDF Group, a leader in the European energy market, is an integrated energy company active in all areas of the business: generation, transmission, distribution, energy supply and trading. The Group is the leading electricity producer in Europe. In France, its production facilities are essentially nuclear and hydropower, with 97.6% of the electricity output CO2-free. EDF's transmission and distribution subsidiaries in France operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services to approximately 38.5 million customers accounts, 28.3 million of which are in France. The Group generated consolidated sales of €72.9 billion in 2014, 45.2% of which were outside of France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.

EPH is a leading CE vertically integrated energy utility covering wide range of energy activities in gas, heat, power and mining sectors. Through EP Energy EPH covers coal extraction, combined heat and power generation (cogeneration), energy distribution, coal sales and electricity wholesale and electricity supply to end-customers. Through SPP EPH has a dominant position in all segments of the gas market in Slovakia and is one of the leading gas TSOs in Europe. With 10,500 employees EPH operates in Germany (number three ligning mining company), Czech Republic (number one heat supplier and number two power generator), Slovakia (number one in gas transmission, distribution, gas storage and supply) and Great Britain (power generation).

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EDF SA                                           Energetický a prumyslový holding, a.s.
22-30, avenue de Wagram                 Parížská 26
75382 Paris cedex 08                       110 00 Praha 1
Capital de 930 004 234 euros
552 081 317 R.C.S. Paris

 www.edf.fr:
http://www.edf.fr/                                                               www.epholding.cz:
http://www.epholding.cz/

CONTACTS  

 

Press EDF
Carole Trivi & Aurélien Cassuto : +33(1) 40 42 44 19
Analysts and investors EDF 
Kader Hidra  : +33(1) 40 42 40 38

 

Press EPH
Daniel Castvaj: +420 604 211 864


PR VA BERT:
http://hugin.info/143450/R/1933093/695723.pdf



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EDF via Globenewswire

HUG#1933093