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| Industry | Electricity, coal mining, heat generation |
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| Founded | 2009 |
| Headquarters | Brno, Czech Republic |
| Key people | Daniel Křetínský (chairman, co-owner) |
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| Number of employees | 10,860 (2014) |
| Website | www |
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€3,665 million (2014)Energetický a průmyslový holding, a.s. (EPH) is a Czech Republic based company currently investing mainly in the energy sector in Central Europe. The group's business lines include coal mining, gas, electricity and heat production and their distribution and sale to customers. Most of the assets are grouped in the EP Energy a.s. subholding, created in 2010.
Ownership
Company was founded in August 2009 as (indirect) subsidiary of J&T Finance Group, as of October 2009 ownership structure was 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 EPJ 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, inclucing an initial public offering.
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
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. 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.
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.
Italy
In January 2015 it was announced, that EPH will acquire part of E.ON assets in Italy:
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.
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.
See also
References
- ^ Energetický a průmyslový holding, a.s. — 2014 Consolidated financial statement
- "Akcionáři - EP ENERGY a.s". Epenergy.cz. Retrieved 2013-11-14.
- 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. Retrieved 2014-11-05.
- EPH: EPH decreases its registered capital via cancellation of own shares
- "EPH undertakes internal reorganisation and commences review of strategic alternatives for minority shareholding in its infrastructure assets". Energetický a průmyslový holding. 22 October 2015. Retrieved 25 October 2015.
- "Přehled Firem - Ep Energy A.S". Epenergy.cz. Retrieved 2013-11-14.
- "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. Retrieved 2013-11-14.
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"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.
- "EDF and EP Energy sign definitive agreement for the sale of 95.6% of Budapesti Erőmű". Energetický a průmyslový holding. Retrieved 30 July 2015.
- 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
- "EPH acquires a 49% stake and management control in Slovenský plynárenský priemysel a.s. (SPP) - Pro média - EPH". Epholding.cz. Retrieved 2013-11-14.
- "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.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - "Deals of the day - mergers and acquisitions". Reuters. 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
- "EPH and Enel sing definitive agreement for the sale of Enel's stake in Slovenské elektrárne". Energetický a průmyslový holding. 18 December 2015. Retrieved 8 January 2016.
- Žižka, Jan (4 November 2014). "Křetínský koupil elektrárnu v Británii. Má výkon jako Temelín" (in Czech). lidovky.cz. Retrieved 5 November 2014.
- EPH: EPH has completed the transaction for the purchase of Eggborough
- 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.