Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Electricité de France    EDF   FR0010242511

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Electricite de France : EDF finalizes the disposal of EDF Polska’s assets to PGE

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/14/2017 | 09:05am CET

On the 13 November, 2017, EDF has finalized the disposal of EDF Polska assets (heat and electricity cogeneration and electricity generation) to PGE Polska Grupa Energetyczna SA . This announcement is consecutive to the fulfillment of all regulatory approvals and authorizations required under the sale of shares agreement signed between EDF and PGE on May 19th, 2017, which had been the subject of a previous announcement. The transaction has been carried out on the basis of a valuation amounting to c. 6.1 billion zlotys for 100% of the perimeter of EDF Polska (c. 1.4 billion euros ) .
This transaction contributes to a reduction of EDF Group net indebtedness which amounts to 1 billion euros. This disposal is carried out within the 10 billion euros disposal programme to be implemented by the Group over the 2015-2020 period, which is currently completed with c. 8 billion euros.
Besides, this transaction will result in a reduction by c. 23 % of the Group carbon footprint.
The EDF Group will maintain its presence in Poland through EDF Energies Nouvelles, Dalkia Energy Polska and Fenice Poland. It also intends to remain a partner of the Polish government in the context of the evolution of the country's energy mix, including its nuclear programme.

The transaction perimeter includes the Rybnik generation plant, the coal cogeneration plants of Krakow, Czechnica, Gdansk, Gdynia, Torun and Wroclaw as well as the gas fired cogeneration plants of Zawidawie and Zielona Gora. This perimeter represents a total installed capacity of 4.4 GWth and 1.4 GWe. It also includes the heat distribution networks of Czechnica, Torun, Zawidawie and Zielona Gora. The Wroclaw plant, the cogeneration plants and heat distribution networks of Czechnica, Zawidawie and Zielona Gora are held indirectly through a 50% + 1 share stake via Kogeneracja.
PGE is held at 58% by the Polish state and is the country's largest electricity producer
As of December 31st, 2016
Please refer to the press release dated 19 May 2017

EDF - Électricité de France SA published this content on 14 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 November 2017 08:04:01 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ELECTRICITÉ DE FRANCE
11/16 ELECTRICITÉ DE FRANCE : Interim dividend carrying optional alternatives
11/15 ELECTRICITE DE FRANCE : EDF trials a certification process for its press release..
11/14DJELECTRICITE DE FRANCE : EDF Nine-Month Revenue Fell on Lower Nuclear Prices
11/14 ELECTRICITE DE FRANCE : Quarterly financial information - 3rd quarter 2017
11/14 EDF : Quarterly Financial Information at 30 September 2017
11/14DJELECTRICITE DE FRANCE : EDF Finalizes EUR1.4 Billion Polish Asset Sale
11/14 ELECTRICITE DE FRANCE : EDF finalizes the disposal of EDF Polska’s assets ..
11/14 EDF : EDF finalizes the disposal of EDF Polska's assets to PGE
11/14 EDF : EDF finalizes the disposal of EDF Polska's assets to PGE
11/13 Poor earnings updates keep European shares at seven-week low
More news
News from SeekingAlpha
11/14 Electricite de France (ECIFF) Q3 2017 Results - Earnings Call Transcript
11/14 Electricite de France SA 2017 Q3 - Results - Earnings Call Slides
11/13 EDF shares -10% after reduced EBITDA guidance
10/05 Total enters French retail power market, ready for price war
07/29 Electricite de France SA 2017 Q2 - Results - Earnings Call Slides
Financials (€)
Sales 2017 68 931 M
EBIT 2017 5 885 M
Net income 2017 2 151 M
Debt 2017 40 194 M
Yield 2017 3,60%
P/E ratio 2017 12,64
P/E ratio 2018 14,20
EV / Sales 2017 1,01x
EV / Sales 2018 1,03x
Capitalization 29 465 M
Chart ELECTRICITÉ DE FRANCE
Duration : Period :
Electricité de France Technical Analysis Chart | EDF | FR0010242511 | 4-Traders
Technical analysis trends ELECTRICITÉ DE FRANCE
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 10,7 €
Spread / Average Target 4,9%
EPS Revisions
Managers
NameTitle
Jean-Bernard Lévy Chairman & Chief Executive Officer
Xavier Girre Senior Executive Vice President-Group Finance
Christophe Salomon Head-Information Systems
Bruno Lafont Independent Director
Jacky Chorin Director
Sector and Competitors
1st jan.Capitalization (M$)
ELECTRICITÉ DE FRANCE13.70%34 732
ENGIE18.03%41 064
NATIONAL GRID PLC-7.23%39 489
SEMPRA ENERGY18.75%30 006
E.ON45.94%25 369
PPL CORP6.49%24 964