Polskie Górnictwo Naftowe i Gazownictwo S.A.

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Polskie Górnictwo Naftowe i Gazownictwo S A : Current Report No. 6/2021

January 29, 2021 at 10:04 pm IST

Current Report No. 6/2021

2021.01.29 17:18

Warsaw, January 29, 2021
Expiry of exclusive negotiation period for acquisition of TAURON Ciepło Sp. z o.o.
Current Report No. 6/2021
Further to Current Report No. 29/2020 of June 16th 2020 and Current Report No. 62/2020 of November 30th 2020, the Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. ('PGNiG') announces that given the expiry of the bid submitted by PGNiG to TAURON Polska Energia S.A. ('TAURON') to acquire 100% of the shares in Tauron Ciepło Sp. z o.o. (the 'Transaction') and failure to reach consensus in the negotiations conducted under the exclusive negotiating rights granted PGNiG by TAURON and expiring on January 31st 2021, PGNiG has notified TAURON of its intention not to pursue further negotiations regarding the Transaction.

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PGNiG - Polish Oil & Gas Company published this content on 29 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2021 16:33:09 UTC.

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Polskie Górnictwo Naftowe i Gazownictwo S.A. is the leading Polish produce of natural gas. Net sales break down by activity as follows: - trading and storage of natural gas (77.1%); - distribution of natural gas (10.7%); - exploration and production of hydrocarbons (8%); - production of electricity and heating (3.8%); - other (0.4%). Poland accounts for 85.5% of net sales.

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