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{{Short description|Company in the Czech Republic}} | |||
{{Infobox company | {{Infobox company | ||
| name = Energetický a průmyslový holding, a.s. | | name = Energetický a průmyslový holding, a.s. | ||
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| foundation = 2009 | | foundation = 2009 | ||
| location_city = ] | | location_city = ] | ||
| location_country = ] | | location_country = ] | ||
| locations = | | locations = | ||
| area_served = ], ], ], ], ], ], ], ] | | area_served = ], ], ], ], ], ], ], ] | ||
| key_people = ] (chairman, co-owner) | | key_people = ] (chairman, co-owner) | ||
| industry = Energy | | industry = Energy | ||
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==Ownership== | ==Ownership== | ||
The company was founded in August 2009 as an indirect subsidiary of ] Finance Group. Initially, its ownership structure consisted of ] (40%), J&T (40%) and ].<ref>2009 EPH Annual Report</ref> In August 2012 PPF converted part of its debt for EPH shares and increase its share to 44.4% (decreasing J&T share to 37.04% and Daniel Křetínský share to 18.52%).<ref></ref> In June 2014 PPF sold its stake for 1.1 ] billions,<ref></ref><ref></ref> since then ownership Daniel Křetínský and ] own 2/3 share and J&T 1/3 share.<ref>{{cite web |author=EP Holding |url=http://www.epholding.cz/en/investors/shareholding-structure/ |title=Shareholding Structure |publisher=EP Holding |accessdate=2014-11-05 |archive-url=https://web.archive.org/web/20141105070139/http://www.epholding.cz/en/investors/shareholding-structure/ |archive-date=2014-11-05 |url-status=dead }}</ref> As of December 31, 2014 shareholders were equally BIQUES LIMITED (part of J&T PARTNERS I L.P.), MILEES LIMITED (part of J&T PARTNERS II L.P.) and EP Investment S.à r.l. (owned by Daniel Křetínský), while rest of 44.4% was ].<ref name=ar/> Treasury stocks were cancelled in September 2015.<ref>{{Cite web |url=http://www.epholding.cz/en/press/eph-decreases-its-registered-capital-via-cancellation-of-own-shares-2/ |title=EPH: EPH decreases its registered capital via cancellation of own shares |access-date=2015-10-25 |archive-url=https://web.archive.org/web/20151031031826/http://www.epholding.cz/en/press/eph-decreases-its-registered-capital-via-cancellation-of-own-shares-2/ |archive-date=2015-10-31 |url-status=dead }}</ref> | |||
In October 2015 EPH announced its plan to reorganise all of its Central European infrastructure assets under one holding company, EP Infrastructure, and possibility of the disposal of a minority stake in that holding, including an ].<ref>{{cite web|url=http://www.epholding.cz/en/press/eph-undertakes-internal-reorganisation-and-commences-review-of-strategic-alternatives-for-minority-shareholding-in-its-infrastructure-assets/|title=EPH undertakes internal reorganisation and commences review of strategic alternatives for minority shareholding in its infrastructure assets|date=22 October 2015|publisher=Energetický a průmyslový holding|accessdate=25 October 2015|archive-url=https://web.archive.org/web/20151030004114/http://www.epholding.cz/en/press/eph-undertakes-internal-reorganisation-and-commences-review-of-strategic-alternatives-for-minority-shareholding-in-its-infrastructure-assets/|archive-date=30 October 2015|url-status=dead}}</ref> | In October 2015 EPH announced its plan to reorganise all of its Central European infrastructure assets under one holding company, EP Infrastructure, and possibility of the disposal of a minority stake in that holding, including an ].<ref>{{cite web|url=http://www.epholding.cz/en/press/eph-undertakes-internal-reorganisation-and-commences-review-of-strategic-alternatives-for-minority-shareholding-in-its-infrastructure-assets/|title=EPH undertakes internal reorganisation and commences review of strategic alternatives for minority shareholding in its infrastructure assets|date=22 October 2015|publisher=Energetický a průmyslový holding|accessdate=25 October 2015|archive-url=https://web.archive.org/web/20151030004114/http://www.epholding.cz/en/press/eph-undertakes-internal-reorganisation-and-commences-review-of-strategic-alternatives-for-minority-shareholding-in-its-infrastructure-assets/|archive-date=30 October 2015|url-status=dead}}</ref> | ||
In November 2016 EPH announced change in its shareholder structure and sale of 31% stake in EP Infrastructure to ]. After this transaction |
In November 2016 EPH announced change in its shareholder structure and sale of 31% stake in EP Infrastructure to ]. After this transaction Daniel Křetínský will ultimately own 94% of EPH and the remaining 6% will by owned by managers of EPH.<ref>{{Cite news|url=https://www.epholding.cz/en/press-releases/eph-ocekava-zmenu-akcionarske-struktury/|title=EPH expects a change in its shareholder structure - ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.|work=ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.|access-date=2018-02-05}}</ref> | ||
== Activities by country == | == Activities by country == | ||
===Czech Republic=== | ===Czech Republic=== | ||
Main assets held in the Czech Republic are:<ref>{{cite web |
Main assets held in the Czech Republic are:<ref>{{cite web|url=http://www.epenergy.cz/o-nas/prehled-firem/ |title=Přehled Firem - Ep Energy A.S |publisher=Epenergy.cz |accessdate=2013-11-14}}</ref> | ||
* {{Interlanguage link multi|Opatovice Power Station|cs|3=Elektrárna Opatovice nad Labem}} |
* {{Interlanguage link multi|Opatovice Power Station|cs|3=Elektrárna Opatovice nad Labem}} – 363 MW ] ] near ] and ] with extensive heat distribution network | ||
* ] |
* ] – ] based electricity and heat production company | ||
* ] |
* ] – ] based electricity and heat production company | ||
* ] (50.1% share directly, 49% share on 47,3% shareholder) |
* ] (50.1% share directly, 49% share on 47,3% shareholder) – Prague based heat production company | ||
* EP Renewables - renewable power plants developer | * EP Renewables - renewable power plants developer | ||
*{{Interlanguage link multi|EP Cargo|cs|3=EP Cargo|lt=|WD=}} |
*{{Interlanguage link multi|EP Cargo|cs|3=EP Cargo|lt=|WD=}} – freight railway company | ||
=== France === | === France === | ||
{{Main|Société nationale d'électricité et de thermique}} | |||
Since December 2018 EP Power Europe, |
Since December 2018 EP Power Europe, a subsidiary of EPH, is negotiating to acquire all the French assets of German group ]. These assets include two gas-fired power plants with a total capacity of 828 MW, two coal power plants with an installed capacity of 1,200 MW, a 150 MW biomass power plant and 100 MW of wind and solar resources.<ref>{{Cite web|url=https://www.epholding.cz/en/press-releases/uniper-enters-exclusive-negotiations-with-eph-for-the-sale-of-its-activities-in-france/|title=UNIPER enters exclusive negotiations with EPH for the sale of its activities in France|publisher=Energetický a průmyslový holding|access-date=2019-05-11}}</ref><ref>{{Cite news|url=https://uk.reuters.com/article/uk-uniper-m-a-eph-france-idUKKCN1ON0L7|archive-url=https://web.archive.org/web/20181224195409/https://uk.reuters.com/article/uk-uniper-m-a-eph-france-idUKKCN1ON0L7|url-status=dead|archive-date=December 24, 2018|title=Uniper in exclusive talks to sell French business to Kretinsky's EPH|date=2018-12-24|work=Reuters|access-date=2019-05-11}}</ref> Agreements were signed in July 2019.<ref>{{Cite web|url=https://www.epholding.cz/en/press-releases/eph-signs-agreements-to-buy-generation-business-and-other-activities-in-france-from-uniper/|title=EPH signs agreements to buy generation business and other activities in France from Uniper|website=ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.|access-date=2019-11-02}}</ref> | ||
===Germany=== | ===Germany=== | ||
* {{Interlanguage link multi|MIBRAG|de|3=Mitteldeutsche Braunkohlengesellschaft}} - coal mining company (], ]), owner of three smaller cogeneration coal power stations | * {{Interlanguage link multi|MIBRAG|de|3=Mitteldeutsche Braunkohlengesellschaft}} - coal mining company (], ]), owner of three smaller cogeneration coal power stations | ||
** ] and nearby {{Interlanguage link multi|Schöningen Coal Mine|de|3=Tagebau Schöningen}}<ref>{{cite web |
** ] and nearby {{Interlanguage link multi|Schöningen Coal Mine|de|3=Tagebau Schöningen}}<ref>{{cite web|url=http://www.epenergy.cz/en/press/ep-energy-acquires-the-helmstedt-mining-district-including-the-buschhaus-power-plant/ |title=EP Energy acquires the Helmstedt mining district including the Buschhaus power plant - Tiskové zprávy EP ENERGY a.s |publisher=Epenergy.cz |date=2013-09-18 |accessdate=2013-11-14}}</ref> | ||
* Saale Energie (41.9% stake) - owner of 916 MW ]<ref>{{cite web |
* Saale Energie (41.9% stake) - owner of 916 MW ]<ref>{{cite web |url=http://www.epenergy.cz/press/ep-energy-kupuje-vyznamny-podil-v-elektrarne-schkopau-v-nemecku/ |title=EP ENERGY kupuje významný podíl v elektrárně Schkopau - Tiskové zprávy EP ENERGY a.s |publisher=Epenergy.cz |date=2012-07-17 |accessdate=2013-11-14 |archive-date=2012-12-16 |archive-url=https://web.archive.org/web/20121216101017/http://www.epenergy.cz/press/ep-energy-kupuje-vyznamny-podil-v-elektrarne-schkopau-v-nemecku/ |url-status=dead }}</ref> | ||
On 30{{nbsp}}September 2016, ] completed the sale of its German lignite facilities to the Czech energy group EPH and its financial partner ].<ref name="vattenfall-2016"><!-- web version: https://corporate.vattenfall.com/press-and-media/press-releases/2016/vattenfall-completes-german-lignite-business-sale/ --> | On 30{{nbsp}}September 2016, ] completed the sale of its German lignite facilities to the Czech energy group EPH and its financial partner ]. Named afterwards ].<ref name="vattenfall-2016"><!-- web version: https://corporate.vattenfall.com/press-and-media/press-releases/2016/vattenfall-completes-german-lignite-business-sale/ --> | ||
{{cite press release|title=Vattenfall completes German lignite business sale|date=30 September 2016|publisher=Vattenfall|location=Stockholm, Sweden|url=https://corporate.vattenfall.com/globalassets/cision/documents/2016/20160930-vattenfall-completes-german-lignite-business-sale-en-0-2319706.pdf|quote=Vattenfall has completed the sale of its German lignite business to the Czech energy group EPH and its financial partner PPF Investments.|access-date=2016-10-06|author=<!-- staff writer, no by-line -->}} | {{cite press release|title=Vattenfall completes German lignite business sale|date=30 September 2016|publisher=Vattenfall|location=Stockholm, Sweden|url=https://corporate.vattenfall.com/globalassets/cision/documents/2016/20160930-vattenfall-completes-german-lignite-business-sale-en-0-2319706.pdf|quote=Vattenfall has completed the sale of its German lignite business to the Czech energy group EPH and its financial partner PPF Investments.|access-date=2016-10-06|author=<!-- staff writer, no by-line -->}} | ||
</ref> |
</ref> The following assets were transferred: | ||
* power plants |
* power plants | ||
** {{Interlanguage link multi|Jänschwalde power station|de|3=Kraftwerk Jänschwalde}} (3,000 MW) | ** {{Interlanguage link multi|Jänschwalde power station|de|3=Kraftwerk Jänschwalde}} (3,000 MW) | ||
** ] (1,600 MW) | ** ] (1,600 MW) | ||
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An October 2016 blog post speculates that the new owners are banking on government compensation for the forced early retirement of these assets. They may either seek capacity payments for staying online and providing backup or they may decommission and sue for lost profits.<ref name="wynn-2016"> | An October 2016 blog post speculates that the new owners are banking on government compensation for the forced early retirement of these assets. They may either seek capacity payments for staying online and providing backup or they may decommission and sue for lost profits.<ref name="wynn-2016"> | ||
{{cite web|first = Gerard | last = Wynn|title = Climate risk and Germany's lignite|date = 4 October 2016|work = Energy and Carbon|url = http://energyandcarbon.com/climate-risk-germanys-lignite/|access-date = 2016-10-06}}</ref> | |||
{{cite web | |||
| first = Gerard | last = Wynn | |||
| title = Climate risk and Germany's lignite | |||
| date = 4 October 2016 | |||
| work = Energy and Carbon | |||
| url = http://energyandcarbon.com/climate-risk-germanys-lignite/ | |||
| access-date = 2016-10-06 | |||
}} | |||
</ref> | |||
In November 2017 EPH subsidiary EP Power Europe acquired 750 MWe ].<ref>{{cite news|title=EPH acquires Mehrum Power Plant - ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.|url=http://www.epholding.cz/en/press-releases/eph-acquires-mehrum-power-plant/|newspaper=ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.}}</ref> | In November 2017 EPH subsidiary EP Power Europe acquired 750 MWe ].<ref>{{cite news|title=EPH acquires Mehrum Power Plant - ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.|url=http://www.epholding.cz/en/press-releases/eph-acquires-mehrum-power-plant/|newspaper=ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.}}</ref> | ||
In May 2019 EPH subsidiary EP Logistics International acquired freight railway company {{Interlanguage link multi|LOCON Logistik & Consulting|de|3=LOCON Logistik & Consulting|lt=|WD=}}.<ref>{{Cite web|url=https://www.epholding.cz/en/press-releases/ep-logistics-international-a-s-entered-into-an-acquisition-agreement-of-100-shareholding-in-german-transport-company-locon-logistik-consulting-ag/|title=EP Logistics International, a.s. entered into an acquisition agreement of 100% shareholding in German transport company LOCON Logistik & Consulting AG.|website=ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.|access-date=2019-11-02}}</ref><ref>{{Cite web|url=https://www.railfreight.com/business/2019/05/20/ep-logistics-acquires-locon-logistik-consulting/|title=EP Logistics acquires LOCON Logistik & Consulting|website=RailFreight.com |
In May 2019 EPH subsidiary EP Logistics International acquired freight railway company {{Interlanguage link multi|LOCON Logistik & Consulting|de|3=LOCON Logistik & Consulting|lt=|WD=}}.<ref>{{Cite web|url=https://www.epholding.cz/en/press-releases/ep-logistics-international-a-s-entered-into-an-acquisition-agreement-of-100-shareholding-in-german-transport-company-locon-logistik-consulting-ag/|title=EP Logistics International, a.s. entered into an acquisition agreement of 100% shareholding in German transport company LOCON Logistik & Consulting AG.|website=ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.|access-date=2019-11-02}}</ref><ref>{{Cite web|url=https://www.railfreight.com/business/2019/05/20/ep-logistics-acquires-locon-logistik-consulting/|title=EP Logistics acquires LOCON Logistik & Consulting|website=RailFreight.com|access-date=2019-11-02}}</ref> | ||
=== Hungary === | === Hungary === | ||
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=== Italy === | === Italy === | ||
In January 2015 it was announced, that EPH will acquire part of ] assets in |
In January 2015 it was announced, that EPH will acquire part of ] assets in Italy:<ref></ref><ref></ref><ref></ref> | ||
* coal-fired power plant Fiume Santo in ] (600 ]) |
* coal-fired power plant Fiume Santo in ] (600 ]) | ||
* gas-fired power plants (4,900 MWe) | * gas-fired power plants (4,900 MWe) | ||
** ] (805 MWe) | ** ] (805 MWe) | ||
** ] (1,740 MWe) |
** ] (1,740 MWe) | ||
** ] (1,482 MWe) | ** ] (1,482 MWe) | ||
** ] | ** ] | ||
** ] |
** ] | ||
** ] (814 MWe) | ** ] (814 MWe) | ||
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===Slovakia=== | ===Slovakia=== | ||
In January 2013, EHP acquired from ] and ] Slovak Gas Holding, owner of 49% share in ] for approximately ]2.6 billion.<ref>{{cite web|url=http://www.epholding.cz/en/eph-acquires-a-49-stake-and-management-control-in-slovensky-plynarensky-priemysel-a-s-spp |title=EPH acquires a 49% stake and management control in Slovenský plynárenský priemysel a.s. (SPP) - Pro média - EPH |publisher=Epholding.cz |
In January 2013, EHP acquired from ] and ] Slovak Gas Holding, owner of 49% share in ] for approximately ]2.6 billion.<ref>{{cite web|url=http://www.epholding.cz/en/eph-acquires-a-49-stake-and-management-control-in-slovensky-plynarensky-priemysel-a-s-spp |title=EPH acquires a 49% stake and management control in Slovenský plynárenský priemysel a.s. (SPP) - Pro média - EPH |publisher=Epholding.cz |accessdate=2013-11-14}}</ref> In September 2013 ] agreed to reorganization of SPP. As result Slovakia will gain 100% stake SPP, but EPH will gain 49% stake and management control in SPP Distribúcia, that will acquire most of current SPP subsidiaries.<ref>{{cite web|url=http://www.motejlek.com/dalsi-kretinskeho-vitezstvi-na-slovensku-slovenska-vlada-prave-schvalila-zpetny-nakup-podilu-v-spp |title=Další Křetínského vítězství na Slovensku – slovenská vláda právě schválila zpětný nákup podílu EPH v SPP « |publisher=Motejlek.com |accessdate=2013-11-14}}</ref><ref>{{cite web|url=http://www.rokovania.sk/File.aspx/ViewDocumentHtml/Mater-Dokum-159000?prefixFile=m_ |title=04_materiál.docx |publisher=Rokovania.sk |accessdate=2013-11-14 |url-status=dead |archive-url=https://web.archive.org/web/20150610211039/http://www.rokovania.sk/File.aspx/ViewDocumentHtml/Mater-Dokum-159000?prefixFile=m_ |archive-date=2015-06-10 }}</ref> | ||
In May 2013 ] (EDF) confirmed that it would sell its 49 percent stake in ] (SSE) to EPH for about 400 million €.<ref>{{cite |
In May 2013 ] (EDF) confirmed that it would sell its 49 percent stake in ] (SSE) to EPH for about 400 million €.<ref>{{cite news|url=https://www.reuters.com/article/deals-day-idUSL3N0E51XY20130524 |title=Deals of the day - mergers and acquisitions |date=24 May 2013 |work=Reuters |accessdate=2013-11-14}}</ref> | ||
In December 2013 EPH acquired 40.45% stake in ] operator {{Interlanguage link multi|NAFTA (company)|sk|3=NAFTA (podnik)|lt=NAFTA}} from E.ON,<ref></ref><ref>{{Cite web |url=http://www.globalgastransport.info/archive.php?id=14799 |title=Global Gas Transport: EPH acquires 40 per cent stake in |
In December 2013 EPH acquired 40.45% stake in ] operator {{Interlanguage link multi|NAFTA (company)|sk|3=NAFTA (podnik)|lt=NAFTA}} from E.ON,<ref></ref><ref>{{Cite web |url=http://www.globalgastransport.info/archive.php?id=14799 |title=Global Gas Transport: EPH acquires 40 per cent stake in Slovakia's Nafta |access-date=2015-01-15 |archive-url=https://web.archive.org/web/20150115201756/http://www.globalgastransport.info/archive.php?id=14799 |archive-date=2015-01-15 |url-status=dead }}</ref> while 56.15% stake is held by EPH controlled SPP Infrastructure. | ||
In December 2015 EPH signed a contract with ] to buy 66% stake in ], former Slovak electric utility state monopoly. In the first phase, Enel will sell 50% of holding company of 66% stake. In the second phase, a ] or a ] for remaining 50% of holding company can be exercised after receiving the operation permit of Units 3 and 4 of the ], which are currently under construction.<ref>{{cite news|url=http://www.epholding.cz/en/press/eph-and-enel-sign-definitive-agreement-for-the-sale-of-enels-stake-in-slovenske-elektrarne/|title=EPH and Enel sign definitive agreement for the sale of Enel's stake in Slovenské elektrárne|date=18 December 2015|publisher=Energetický a průmyslový holding |
In December 2015 EPH signed a contract with ] to buy 66% stake in ], former Slovak electric utility state monopoly. In the first phase, Enel will sell 50% of holding company of 66% stake. In the second phase, a ] or a ] for remaining 50% of holding company can be exercised after receiving the operation permit of Units 3 and 4 of the ], which are currently under construction.<ref>{{cite news|url=http://www.epholding.cz/en/press/eph-and-enel-sign-definitive-agreement-for-the-sale-of-enels-stake-in-slovenske-elektrarne/|title=EPH and Enel sign definitive agreement for the sale of Enel's stake in Slovenské elektrárne|date=18 December 2015|publisher=Energetický a průmyslový holding|accessdate=8 January 2016|archive-url=https://web.archive.org/web/20160215235458/http://www.epholding.cz/en/press/eph-and-enel-sign-definitive-agreement-for-the-sale-of-enels-stake-in-slovenske-elektrarne/|archive-date=15 February 2016|url-status=dead}}</ref> | ||
=== Ukraine === | |||
In April 2020 EPH subsidiary EP Ukraine has been granted a license to explore and extract mainly ] in the Grunivska field (], ]) and Ochtyrska field (Sumy, Poltava and ]).<ref>{{Cite web|title=EP Ukraine – PSA Grunivska & Okhtyrska – tender results|url=https://www.epholding.cz/en/press-releases/ep-ukraine-psa-grunivska-okhtyrska-tender-results/|access-date=2020-07-25|website=ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.}}</ref><ref>{{Cite web|title=Nafta expands on Ukrainian market - vEnergetike.sk|url=https://www.webnoviny.sk/venergetike/nafta-expands-on-ukrainian-market/|access-date=2020-07-25|website=Webnoviny.sk}}</ref> | |||
=== United Kingdom === | === United Kingdom === | ||
In November 2014 it was announced, that EPH will acquire ].<ref>{{cite news | url = http://byznys.lidovky.cz/kretinsky-koupil-elektrarnu-v-britanii-ma-vykon-jako-temelin-puk-/energetika.aspx?c=A141104_184038_energetika_ele | language = |
In November 2014 it was announced, that EPH will acquire ].<ref>{{cite news | url = http://byznys.lidovky.cz/kretinsky-koupil-elektrarnu-v-britanii-ma-vykon-jako-temelin-puk-/energetika.aspx?c=A141104_184038_energetika_ele | language = cs| title = Křetínský koupil elektrárnu v Británii. Má výkon jako Temelín | first = Jan | last = Žižka | date = 4 November 2014 | publisher = lidovky.cz | accessdate = 5 November 2014}}</ref> The transaction was completed in January 2015.<ref>{{Cite web |url=http://www.epholding.cz/en/press/eph-has-completed-the-transaction-for-the-purchase-of-eggborough/ |title=EPH: EPH has completed the transaction for the purchase of Eggborough |access-date=2015-04-18 |archive-url=https://web.archive.org/web/20150215091724/http://www.epholding.cz/en/press/eph-has-completed-the-transaction-for-the-purchase-of-eggborough/ |archive-date=2015-02-15 |url-status=dead }}</ref> | ||
In January 2016 EPH acquired ] from ].<ref>{{cite news|url=https://www.telegraph.co.uk/news/earth/energy/coal/12088002/RWE-sells-Lynemouth-power-plant-to-EPH-ahead-of-biomass-conversion.html|title=RWE sells Lynemouth power plant to EPH ahead of biomass conversion - Telegraph|last=Godsen|first=Emily|date=7 January 2016|work=] |
In January 2016 EPH acquired ] from ].<ref>{{cite news|url=https://www.telegraph.co.uk/news/earth/energy/coal/12088002/RWE-sells-Lynemouth-power-plant-to-EPH-ahead-of-biomass-conversion.html|title=RWE sells Lynemouth power plant to EPH ahead of biomass conversion - Telegraph|last=Godsen|first=Emily|date=7 January 2016|work=]|accessdate=8 January 2016}}</ref> In February 2016 it was reported that EPH are entering the SME retail energy market with a new online service called ].<ref>{{cite web|url=http://www.utilityweek.co.uk/news/eph-eyes-new-build-power-stations-further-acquisition-and-sme-retail-market/1217032|title=EPH eyes new build power stations, further acquisition and SME retail market|publisher=Utility Week|accessdate=3 March 2016}}</ref> | ||
In June 2017 it was announced that EPH will acquire ] and ] Stations from ].<ref>{{Cite web|url=https://www.centrica.com/news/centrica-sell-langage-and-south-humber-bank-gas-fired-power-stations|title=Centrica to sell Langage and South Humber Bank gas-fired power stations|website= |
In June 2017 it was announced that EPH will acquire ] and ] Stations from ].<ref>{{Cite web|url=https://www.centrica.com/news/centrica-sell-langage-and-south-humber-bank-gas-fired-power-stations|title=Centrica to sell Langage and South Humber Bank gas-fired power stations|website=centrica.com|access-date=2017-06-27}}</ref> | ||
In April 2019 ] has agreed to sell ] and ] to EP UK Investments, a subsidiary of EPH.<ref>{{Cite web|url=https://www.epholding.cz/en/press-releases/eph-to-buy-kilroot-and-ballylumford-power-stations-from-aes/|title=EPH to buy Kilroot and Ballylumford power stations from AES|publisher=Energetický a průmyslový holding|access-date=2019-05-11}}</ref><ref>{{Cite news|url=https://www.bbc.com/news/uk-northern-ireland-48036845|title=Kilroot and Ballylumford power stations sold to Czech firm|last=Campbell|first=John|date=2019-04-24 |
In April 2019 ] has agreed to sell ] and ] to EP UK Investments, a subsidiary of EPH.<ref>{{Cite web|url=https://www.epholding.cz/en/press-releases/eph-to-buy-kilroot-and-ballylumford-power-stations-from-aes/|title=EPH to buy Kilroot and Ballylumford power stations from AES|publisher=Energetický a průmyslový holding|access-date=2019-05-11}}</ref><ref>{{Cite news|url=https://www.bbc.com/news/uk-northern-ireland-48036845|title=Kilroot and Ballylumford power stations sold to Czech firm|last=Campbell|first=John|date=2019-04-24|access-date=2019-05-11}}</ref> The transaction was completed in June 2019.<ref>{{Cite web|url=https://www.epholding.cz/en/press-releases/eph-has-successfully-completed-the-acquisition-in-northern-ireland/|title=EPH has successfully completed the acquisition in Northern Ireland|website=ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.|access-date=2019-11-02}}</ref> | ||
In March 2020 EP UK Investments acquired Humbly Grove Energy Limited, that owns and operates ].<ref>{{Cite web|title=EP UK Investments Ltd Acquires Underground Gas Storage Facility in UK|url=https://www.epholding.cz/en/press-releases/ep-uk-investments-ltd-acquires-underground-gas-storage-facility-in-uk/|access-date=2020-07-25|website=ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.}}</ref><ref>{{Cite web|date=2020-03-24|title=EPH Acquires Humbly Grove Energy|url=https://praguebusinessjournal.com/eph-acquires-humbly-grove-energy/|access-date=2020-07-25|website=Prague Business Journal}}</ref> | |||
===Netherlands=== | |||
January 2023 EPH acquired via its Dutch subsidiary EPNL the 50% stake of ] in 870 MW Sloe powerstation. At the same time the other 50% of Sloe powerstation was acquired by an overtake of the Dutch energy company PZEM. With these deals EPNL got a 100% ownership on Sloe powerstation near ] and also a 50 km naturalgas pipeline was included in this deal, what supplies the Sloe powerstation. | |||
In the same periode EPNL take over the 800 MW gasfired Rijnmond Energy powerstation near ] from ]. | |||
In May 2023 EPNL acquire the Dutch assets of ] (CCI). This deal include the 425 MW gasfired Maasstroom Energy powerstation nearby Rotterdam (and beside Rijnmond Energy) and a 50% stake in the 950 MW gasfired Enecogen powerstation in ]. | |||
==See also== | ==See also== | ||
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==References== | ==References== | ||
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Latest revision as of 20:00, 12 September 2024
Company in the Czech RepublicCompany type | Joint-stock company |
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Industry | Energy |
Founded | 2009 |
Headquarters | Prague, Czech Republic |
Area served | Czech Republic, Slovakia, Germany, Poland, Hungary, Italy, United Kingdom, France |
Key people | Daniel Křetínský (chairman, co-owner) |
Revenue |
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Operating income |
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Net income |
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Total assets |
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Total equity |
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Owner | Daniel Křetínský (94%) |
Number of employees | 10,860 (2014) |
Subsidiaries | EP Infrastructure EP Power Europe |
Website | www |
Footnotes / references |
Energetický a průmyslový holding, a.s. (EPH) is a Czech Republic (Prague) based company currently investing mainly in the energy sector in Europe, founded in 2009. The group's business lines covers the complete value chain ranging from highly efficient cogeneration, power generation, and natural gas transmission, gas storage, gas and electricity distribution and supply. The majority owner is Czech entrepreneur and lawyer Daniel Křetínský (94%), who is ranked among the richest Czechs in the long term and according to Forbes he became a dollar billionaire in 2017. The remaining 6% is distributed among selected managers of EPH. EPH employs almost 25.000 people and comprises over 50 companies.
Ownership
The company was founded in August 2009 as an indirect subsidiary of J&T Finance Group. Initially, its ownership structure consisted of PPF (40%), J&T (40%) and Daniel Křetínský. In August 2012 PPF converted part of its debt for EPH shares and increase its share to 44.4% (decreasing J&T share to 37.04% and Daniel Křetínský share to 18.52%). In June 2014 PPF sold its stake for 1.1 EUR billions, since then ownership Daniel Křetínský and Patrik Tkáč own 2/3 share and J&T 1/3 share. As of December 31, 2014 shareholders were equally BIQUES LIMITED (part of J&T PARTNERS I L.P.), MILEES LIMITED (part of J&T PARTNERS II L.P.) and EP Investment S.à r.l. (owned by Daniel Křetínský), while rest of 44.4% was treasury stock. Treasury stocks were cancelled in September 2015.
In October 2015 EPH announced its plan to reorganise all of its Central European infrastructure assets under one holding company, EP Infrastructure, and possibility of the disposal of a minority stake in that holding, including an initial public offering.
In November 2016 EPH announced change in its shareholder structure and sale of 31% stake in EP Infrastructure to Macquarie Infrastructure and Real Assets (MIRA). After this transaction Daniel Křetínský will ultimately own 94% of EPH and the remaining 6% will by owned by managers of EPH.
Activities by country
Czech Republic
Main assets held in the Czech Republic are:
- Opatovice Power Station [cs] – 363 MW cogeneration coal power station near Hradec Králové and Pardubice with extensive heat distribution network
- United Energy – Most based electricity and heat production company
- Plzeňská energetika – Plzeň based electricity and heat production company
- Pražská teplárenská (50.1% share directly, 49% share on 47,3% shareholder) – Prague based heat production company
- EP Renewables - renewable power plants developer
- EP Cargo [cs] – freight railway company
France
Main article: Société nationale d'électricité et de thermiqueSince December 2018 EP Power Europe, a subsidiary of EPH, is negotiating to acquire all the French assets of German group Uniper. These assets include two gas-fired power plants with a total capacity of 828 MW, two coal power plants with an installed capacity of 1,200 MW, a 150 MW biomass power plant and 100 MW of wind and solar resources. Agreements were signed in July 2019.
Germany
- MIBRAG [de] - coal mining company (Profen coal mine, United Schleenhain coal mine), owner of three smaller cogeneration coal power stations
- Buschhaus Power Station and nearby Schöningen Coal Mine [de]
- Saale Energie (41.9% stake) - owner of 916 MW Schkopau Power Station
On 30 September 2016, Vattenfall completed the sale of its German lignite facilities to the Czech energy group EPH and its financial partner PPF Investments. Named afterwards LEAG. The following assets were transferred:
- power plants
- Jänschwalde power station [de] (3,000 MW)
- Schwarze Pumpe power station (1,600 MW)
- Boxberg power station [de] (1,900 MW)
- 50% stake in Lippendorf power station [de] (1,840 MW)
- coal mines
- Jänschwalde coal mine [de]
- Welzow-Süd coal mine [de]
- Nochten coal mine [de]
- Reichwalde coal mine [de]
- Cottbus-Nord coal mine [de] (closed as of September 2016)
An October 2016 blog post speculates that the new owners are banking on government compensation for the forced early retirement of these assets. They may either seek capacity payments for staying online and providing backup or they may decommission and sue for lost profits.
In November 2017 EPH subsidiary EP Power Europe acquired 750 MWe Mehrum Power Station.
In May 2019 EPH subsidiary EP Logistics International acquired freight railway company LOCON Logistik & Consulting [de].
Hungary
In June 2015 it was announced, that EPH will acquire 95.6% stake in Budapesti Erőmű from Électricité de France. Budapesti Erőmű owns three gas-fired cogeneration plants in Budapest region: Kelenföld Power Station [hu] (installed capacity of 188 MWe and 395 MWth), Újpest Power Station [hu] (105 MWe and 421 MWth) and Kispest Power Station [hu] (113 MWe and 366 MWth). These plants meet almost 60% of the demand for heat in Budapest and generate approximately 3% of Hungarian electricity.
In December 2017 a consortium Mátra Energy Holding of EP Power Europe (EPH subsidiary) and Status Power Invest acquired 72.6% stake in Mátrai Eromu Zrt. Company is operating 950 MWe Mátra Power Plant as well as Visonta and Bükkábrány coal mine.
Italy
In January 2015 it was announced, that EPH will acquire part of E.ON assets in Italy:
Ireland
In October 2019 EP UK Investments, a subsidiary of EP Power Europe, acquired 80% share of Tynagh Energy Limited, owner of the 400 MWe gas-fired Tynagh Power Plant.
Poland
- PG Silesia [pl] (99.8% stake) - coal mining company
Slovakia
In January 2013, EHP acquired from GDF Suez and E.ON Slovak Gas Holding, owner of 49% share in Slovenský plynárenský priemysel for approximately €2.6 billion. In September 2013 Government of Slovakia agreed to reorganization of SPP. As result Slovakia will gain 100% stake SPP, but EPH will gain 49% stake and management control in SPP Distribúcia, that will acquire most of current SPP subsidiaries.
In May 2013 Électricité de France (EDF) confirmed that it would sell its 49 percent stake in Stredoslovenská energetika (SSE) to EPH for about 400 million €.
In December 2013 EPH acquired 40.45% stake in gas storage operator NAFTA [sk] from E.ON, while 56.15% stake is held by EPH controlled SPP Infrastructure.
In December 2015 EPH signed a contract with Enel to buy 66% stake in Slovenské elektrárne, former Slovak electric utility state monopoly. In the first phase, Enel will sell 50% of holding company of 66% stake. In the second phase, a put or a call option for remaining 50% of holding company can be exercised after receiving the operation permit of Units 3 and 4 of the Mochovce Nuclear Power Plant, which are currently under construction.
Ukraine
In April 2020 EPH subsidiary EP Ukraine has been granted a license to explore and extract mainly natural gas in the Grunivska field (Sumy Oblast, Poltava Oblast) and Ochtyrska field (Sumy, Poltava and Kharkiv Oblast).
United Kingdom
In November 2014 it was announced, that EPH will acquire Eggborough Power Station. The transaction was completed in January 2015.
In January 2016 EPH acquired Lynemouth power station from RWE npower. In February 2016 it was reported that EPH are entering the SME retail energy market with a new online service called Energy Scanner.
In June 2017 it was announced that EPH will acquire South Humber Bank and Langage Power Stations from Centrica.
In April 2019 AES Corporation has agreed to sell Ballylumford power station and Kilroot power station to EP UK Investments, a subsidiary of EPH. The transaction was completed in June 2019.
In March 2020 EP UK Investments acquired Humbly Grove Energy Limited, that owns and operates Humbly Grove Gas Storage facility.
Netherlands
January 2023 EPH acquired via its Dutch subsidiary EPNL the 50% stake of EDF in 870 MW Sloe powerstation.49 At the same time the other 50% of Sloe powerstation was acquired by an overtake of the Dutch energy company PZEM. With these deals EPNL got a 100% ownership on Sloe powerstation near Vlissingen and also a 50 km naturalgas pipeline was included in this deal, what supplies the Sloe powerstation. In the same periode EPNL take over the 800 MW gasfired Rijnmond Energy powerstation near Rotterdam from GSO Capital Partners.
In May 2023 EPNL acquire the Dutch assets of Castleton Commodities International (CCI). This deal include the 425 MW gasfired Maasstroom Energy powerstation nearby Rotterdam (and beside Rijnmond Energy) and a 50% stake in the 950 MW gasfired Enecogen powerstation in Europoort.
See also
References
- ^ Energetický a průmyslový holding, a.s. — 2014 Consolidated financial statement
- ^ "Profile - ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s." ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s. 2016-08-22. Retrieved 2018-02-05.
- "Nejbohatší lidé světa: první Gates, Kellner poprvé přes 300 miliard Kč, mezi nováčky je Křetínský | Forbes". Forbes CZ (in Czech). Archived from the original on 2017-03-21. Retrieved 2018-02-05.
- 2009 EPH Annual Report
- Týden.cz: Kellner v srpnu zvýšil podíl v EPH na 44,4 procenta
- motejlek.com: Kellner prodá svůj podíl v EPH, od Křetínského, Tkáče a J&T struktur dostane 30 miliard korun
- lidovky.cz: PPF prodá svůj podíl v EPH. Holding ovládnou Tkáč a Křetínský
- EP Holding. "Shareholding Structure". EP Holding. Archived from the original on 2014-11-05. Retrieved 2014-11-05.
- "EPH: EPH decreases its registered capital via cancellation of own shares". Archived from the original on 2015-10-31. Retrieved 2015-10-25.
- "EPH undertakes internal reorganisation and commences review of strategic alternatives for minority shareholding in its infrastructure assets". Energetický a průmyslový holding. 22 October 2015. Archived from the original on 30 October 2015. Retrieved 25 October 2015.
- "EPH expects a change in its shareholder structure - ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s." ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s. Retrieved 2018-02-05.
- "Přehled Firem - Ep Energy A.S". Epenergy.cz. Retrieved 2013-11-14.
- "UNIPER enters exclusive negotiations with EPH for the sale of its activities in France". Energetický a průmyslový holding. Retrieved 2019-05-11.
- "Uniper in exclusive talks to sell French business to Kretinsky's EPH". Reuters. 2018-12-24. Archived from the original on December 24, 2018. Retrieved 2019-05-11.
- "EPH signs agreements to buy generation business and other activities in France from Uniper". ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s. Retrieved 2019-11-02.
- "EP Energy acquires the Helmstedt mining district including the Buschhaus power plant - Tiskové zprávy EP ENERGY a.s". Epenergy.cz. 2013-09-18. Retrieved 2013-11-14.
- "EP ENERGY kupuje významný podíl v elektrárně Schkopau - Tiskové zprávy EP ENERGY a.s". Epenergy.cz. 2012-07-17. Archived from the original on 2012-12-16. Retrieved 2013-11-14.
-
"Vattenfall completes German lignite business sale" (PDF) (Press release). Stockholm, Sweden: Vattenfall. 30 September 2016. Retrieved 2016-10-06.
Vattenfall has completed the sale of its German lignite business to the Czech energy group EPH and its financial partner PPF Investments.
- Wynn, Gerard (4 October 2016). "Climate risk and Germany's lignite". Energy and Carbon. Retrieved 2016-10-06.
- "EPH acquires Mehrum Power Plant - ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s." ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.
- "EP Logistics International, a.s. entered into an acquisition agreement of 100% shareholding in German transport company LOCON Logistik & Consulting AG". ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s. Retrieved 2019-11-02.
- "EP Logistics acquires LOCON Logistik & Consulting". RailFreight.com. Retrieved 2019-11-02.
- "EDF and EP Energy sign definitive agreement for the sale of 95.6% of Budapesti Erőmű". Energetický a průmyslový holding. Archived from the original on 31 October 2015. Retrieved 30 July 2015.
- "EPH to buy stake in the Hungarian company Mátra - ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s." ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s.
- České noviny: EPH group buying seven power plants in Italy from E.ON
- Reuters: E.ON sells most of Italian business to Czech-based EPH
- Fatto Quotidiano: E.on vende 7 centrali elettriche italiane alla ceca Eph. Sindacati in allarme
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- "Czech EPH acquires 80% stake in Irish gas plant Tynagh | S&P Global Platts". www.spglobal.com. 2019-10-30. Retrieved 2019-11-02.
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- "Další Křetínského vítězství na Slovensku – slovenská vláda právě schválila zpětný nákup podílu EPH v SPP «". Motejlek.com. Retrieved 2013-11-14.
- "04_materiál.docx". Rokovania.sk. Archived from the original on 2015-06-10. Retrieved 2013-11-14.
- "Deals of the day - mergers and acquisitions". Reuters. 24 May 2013. Retrieved 2013-11-14.
- The Slovak Spectator: E.ON sells 40 percent stake in Slovak Nafta to EPH
- "Global Gas Transport: EPH acquires 40 per cent stake in Slovakia's Nafta". Archived from the original on 2015-01-15. Retrieved 2015-01-15.
- "EPH and Enel sign definitive agreement for the sale of Enel's stake in Slovenské elektrárne". Energetický a průmyslový holding. 18 December 2015. Archived from the original on 15 February 2016. Retrieved 8 January 2016.
- "EP Ukraine – PSA Grunivska & Okhtyrska – tender results". ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s. Retrieved 2020-07-25.
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- Godsen, Emily (7 January 2016). "RWE sells Lynemouth power plant to EPH ahead of biomass conversion - Telegraph". The Daily Telegraph. Retrieved 8 January 2016.
- "EPH eyes new build power stations, further acquisition and SME retail market". Utility Week. Retrieved 3 March 2016.
- "Centrica to sell Langage and South Humber Bank gas-fired power stations". centrica.com. Retrieved 2017-06-27.
- "EPH to buy Kilroot and Ballylumford power stations from AES". Energetický a průmyslový holding. Retrieved 2019-05-11.
- Campbell, John (2019-04-24). "Kilroot and Ballylumford power stations sold to Czech firm". Retrieved 2019-05-11.
- "EPH has successfully completed the acquisition in Northern Ireland". ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s. Retrieved 2019-11-02.
- "EP UK Investments Ltd Acquires Underground Gas Storage Facility in UK". ENERGETICKÝ A PRŮMYSLOVÝ HOLDING, a.s. Retrieved 2020-07-25.
- "EPH Acquires Humbly Grove Energy". Prague Business Journal. 2020-03-24. Retrieved 2020-07-25.