Veolia: acquisition in Czech Republic
(CercleFinance.com) - Veolia, through its subsidiary Veolia Ceska Republika, has announced that it has signed an agreement for the takeover of Pražská Teplárenská, a subsidiary of the Czech company Energetický a Průmyslový Holding a.
s, which runs the district heating network in Prague's Right Bank.
Already operating the Prague Left Bank network, Veolia will thus strengthen its presence in energy services in the Czech Republic. This asset purchase will ultimately represent annual revenue estimated at 230 million euros.
Pražská Teplárenská operates the largest heating network in the Czech Republic, serving 230,000 homes, municipal facilities and commercial premises with heat every day. This acquisition is subject to approval from the competition authorities.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
s, which runs the district heating network in Prague's Right Bank.
Already operating the Prague Left Bank network, Veolia will thus strengthen its presence in energy services in the Czech Republic. This asset purchase will ultimately represent annual revenue estimated at 230 million euros.
Pražská Teplárenská operates the largest heating network in the Czech Republic, serving 230,000 homes, municipal facilities and commercial premises with heat every day. This acquisition is subject to approval from the competition authorities.
Copyright (c) 2020 CercleFinance.com. All rights reserved.