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The Warsaw Voice » Business » April 11, 2014
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EBRD exits power utility Enea
April 11, 2014   
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The European Bank of Reconstruction and Development exited its 2.5% stake in power utility Enea, selling it through an accelerated book building at a "slight discount" to Thursday close level of PLN 15.63, EBRD said in a statement on its website.

Earlier unofficial reports put the price tag achieved in bookbuilding at PLN 14.75.

Deutsche Bank acted as sole bookrunner for the transaction, EBRD said.

The EBRD's engagement dates back to the late 2008 IPO.

Shares of Enea are up 15% YTD in 2014.

Amongst other recent holdings disclosures, only the ING pension fund had a roughly comparable stake.

A majority 51.5% stake is held by the Polish state.
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