Wednesday, September 30, 2020
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ČEZ officially starts the divestment process in Poland

Czech energy group ČEZ officially started the divestment process in Poland, in accordance with the company’s business strategy. After the market sounding, interested investors will be asked to present non-binding offers.

ČEZ intends to sell five companies in Poland, keeping only those engaged in modern energy services (ESCO). The divestment concerns the second largest provider of heat, ČEZ Skawina (pictured above); one of the largest heat suppliers, ČEZ Chorzów (including the ČEZ Chorzów II project); and ČEZ Produkty Energetyczne Polska and ČEZ Polska, which together provide dedicated supporting services in the area of energy by-products.

Companies OEM Energy, Metrolog and Euroklimat, which are part of the ESCO consortium of ČEZ Elevion Group, are not included in the divestment process.

The divestment will be exclusively led by ING Bank, the advising investment bank to ČEZ.

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