EP Infrastructure Weighs IPO

Kretinsky EPH Group

EP Infrastructure (EPIF) a subsidiary of Daniel Křetínský’s Energetický a průmyslový holding, a.s. (EPH) is considering entering the stock exchange. The company has launched a strategic review of its options, which may include, among others, a public offering of shares (IPO), said EPH spokesman Daniel Častvaj. The holding announced in 2016 that it would offer EPIF shares on the Prague and London stock exchanges. In the end, however, the plan fell through and a 31 percent stake in the company was bought by an investment fund from the Australian bank Macquarie. The rest belongs to EPH.

EPIF brings together EPH companies engaged in the transmission, distribution, and storage of natural gas, electricity distribution, and heat production. The group includes, for example, shares in the Slovak gas carrier Eustream and in the company Nafta, which operates gas storage facilities in Slovakia. It also owns a lignite power plant in Opatovice nad Labem in the Pardubice region and the company United Energy, which is the operator of a heating plant in Komořany, which produces heat and electricity for the cities of Most and Litvínov.