William Malcolm

E.ON Shortlists Czech Companies In Asset Sale

German energy company E.ON has selected Czech billionaires companies and Pražská energetika (PRE) for a shortlist of companies in the sale of its retail activities in the Czech Republic. 

The value of Czech operations, which are associated with innogy energy company, is estimated to be around EUR 800 million (over CZK 20 billion).

In addition to PRE, the list also includes the companies Energetický a průmyslový holding (EPH) of Daniel Křetínský, KKCG of Karel Komárek, Sev.en Energy of Pavel Tykač and PPF of Petr Kellner.

The above-mentioned companies did not want to comment on their eventual interest. “Our group does not comment on any ongoing acquisition, whether it is participating or not,” said Sev.en Energy spokeswoman Gabriela Sáričková Benešová. Other companies reacted similarly.
E.ON considers the planned sale of innogy activities in the Czech Republic to be its greatest concession to the European Commission (EC). It made the acquisition of some of innogy’s assets in Germany conditional on E.ON selling, among other things, innogy’s gas and electricity activities in the Czech Republic.