ZE PAK has an agreement to purchase shares in 5 more projects companies from Ostred Wind Power

ZE PAK concluded with Danish Ørsted Wind Power (ORS) an additional sale agreement concerning shares in another five project companies, as a result of which ZE PAK will acquire 50% of shares in the share capital of JV companies from ORS. The total price for the shares in the companies was PLN 170 thousand. euro, ZE PAK reported.

The parties obtained the consent of the President of the Office of Competition and Consumer Protection to implement a concentration consisting in the creation by ORS and ZE PAK of five joint entrepreneurs on April 7, 2022, it was also stated.

"The parties plan to jointly submit applications for the issuance of permits for the construction and use of artificial islands, structures and devices in the maritime areas of the Republic of Poland for offshore wind farm projects in the upcoming adjudication procedure," the release reads.

The ZE PAK Group operates in the area of ​​lignite mining, as well as the generation and sale of electricity and heat. The company has been listed on the WSE since 2012. Its consolidated revenues amounted to PLN 2.21 billion in 2020. 

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