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Czech News in English » Business » EPH and PPF want to buy mines and power plans in Germany together

EPH and PPF want to buy mines and power plans in Germany together

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PPF group and Energetický a Průmyslový Holding (EPH) have agreed on joint actions for the acquisition of Swedish Vattenfall’s German assets. The goal of the joint venture, in which both firms will hold equal stakes, is to succeed in the sales process and acquire the coalmines and power plants that The Swedish group is selling. EPH’s board of directors chairman Daniel Křetínský has stated that if the joint venture succeeds in the tender, EPH is ready to assume responsibility for finding a compromise solution among the interests of regions, trade unions, industry, political organisation and environmental initiatives.

Source: www.cianews.cz

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