Rymarz Zdort has advised PGE Energia Ciepla on the last phase of the consolidation of its assets.
According to the firm, the last phase included the the carve-out of PGE Gornictwo i Energetyka Konwencjonalna and subsequent transfer of Szczecin and Pomorzany heat and power plants and the district heating network in Gryfino to PGE EC. In addition, Rymarz Zdort assissted PGE EC on the transfer of the Rybnik Power Plant to PGE GiEK, as well as the transfer of six CHP plants from PGE GiEK to PGE EC. “The transaction is a part of the PGE Group’s implementation of its District Heating Strategy, 2018-2023,” the firm reported.
“The consolidation process of the heating assets, in which we have actively been involved since 2018, led to the establishment of a single entity that is now the clear market leader in the heating sector in Poland,” commented Marek Durski, Partner and Head of the Energy And Natural Resources practice at Rymarz Zdort.
Rymarz Zdort’s team included Partner Marek Durski, Senior Associate Aleksandra Kabac, and Associate Andrzej Granat.
The firm could not provide further information about the inquiry.