Sweden's Vattenfall sells its Enea stake
January 16, 2014
Sweden's utility Vattenfall sold 82.4 million shares or 18.67% stake in Polish power group Enea at PLN 12.5 per share in accelerated bookbuilding, Vattenfall said in a press statement.
The value of the transaction hence surpassed PLN 1 billion.
Vattenfall has thus concluded the sale of its Polish assets with the sale of Enea stake, the statement reads.
Vattenfall was Enea's second biggest shareholder, after Poland's Treasury which controls a 51.51% stake, and following the transaction it has no more Enea shares.
Vattenfall acquired its stake in Enea in the firm's IPO at PLN 20.14 per share.
Deputy Treasury Minister Pawel Tamborski said earlier on Tuesday that the Polish government Poland has no intention of selling its stake in Enea at present, although the company is included in the overall privatization plan.
He added that the government expected Vattenfall to put its stake on sale “but the timing is surprising”.