the data does that now is time for bidding war between two Czech companies. One is EPH owned by two of the Czech Republic’s richest people. The other than the Czech Coal Group, which according to news agency Reuters has made a binding offer Vattenfall’s coal power plants and quarries in eastern Germany.
Earlier in the day announced a third stakeholder – Energy giant CEZ owned by the Czech state – that it leap of bidding.
– After a careful assessment of the opportunities and risks for CEZ decided not to submit a binding bid for Vattenfall’s German assets, writes CEZ in a press release.
CEZ justify the defection with the declining electricity prices in Europe and continued uncertainty about the German energy and environmental policy at the risk of coal power is turned off earlier than expected.
EPH which is one of the Czech Republic’s largest energy and rapidly expanding throughout Europe is also concerned about the low electricity prices, which are currently in production costs.
But in an interview with SvD Business said EPH-manager and co-owner Daniel Kretinski other day that EPH is prepared to accept the annual loss of hundreds of million years.
– You have to survive the next few years. In ten years, the situation will hopefully be different, said Kretinsky expect to coal power will experience something of a renaissance when the last German nuclear power plants shut 2022nd
Unclear is still of the German power producer Steag with the Australian investment company Macquarie is in the bidding. Bidding frieze expires today, according to data Waterfalls confirmed to SvD Business.
Steag owned by several German municipalities has previously been said to be interested. However, the management faced stiff resistance from owners who do not want to be involved with taking responsibility for Vattenfall’s operations with thousands of jobs and uncertain recovery costs when the quarries turned back.
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