Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

CEZ

Penta Among a Group of Eight Bidding For Poland's Energa

Posted Sat, 19/06/2010 - 17:44

The recent announcement by the Polish government of its intention to sell a majority stake of state-owned power company Energa SA has brought out some of the industry's heavy hitters in what could shape up to be a very interesting bidding war. The Treasury Ministry has received initial bids for 83% of the utility from eight groups, including the Czech Republic's Penta Investments and CEZ, and PGE SA and Kulczyk Investments from Poland.

ČEZ Completes 100% Acquisition of Two Romanian Companies

Posted Mon, 26/10/2009 - 23:14

Czech power giant CEZ has completed months of negotiations with Romania's Electrica SA by reaching an agreement to acquire full ownership of CEZ Distributie and CEZ Vanzare. The two Romanian energy providers have been part of CEZ group since a 2005 privatization deal in which the group acquired 51% of each company. CEZ paid more than €145 million for the 19% owned by Electrica SA, and combined with a 30% stake previously acquired from Fondul Proprietata, now owns both companies 100%.

MIBRAG Sold to Joint Venture of J&T and CEZ

Posted Wed, 01/07/2009 - 21:06

URS Corporation and NRG Energy, Inc., joint owners of MIBRAG, have completed the sale of the German mining and power company to another joint venture in the Czech Republic. Private Equity firm J&T Finance Group has teamed up with the largest Czech power company CEZ to acquire MIBRAG at a cost of $520 million.

CEZ Purchases F&C Wind Farms from Continental

Posted Fri, 29/08/2008 - 00:00

American based power developer Continental Wind Partners LLC, a renewable energy partnership backed by private equity fund Good Energies Investments, has reached a deal to sell the Fantanele and Cogealac wind farms in Romania to CEZ Group. With construction of the turbines set to begin, the total investment from CEZ group in what should be the largest onshore wind farm in Europe is expected to be nearly € 1.1 billion. Continental will manage the construction of the turbines using several international construction firms for the project.