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GDF SUEZ reinforces its position into Polish energy efficiency market through its Cofely subsidiary

October 16, 2013

GDF SUEZ, through its Cofely subsidiary, has signed a share purchase agreement with E.ON Sverige AB to acquire its portfolio of heating assets in Poland. This transaction will enable the company to enter the Polish district heating market.

The business comprises mainly heating generation and network assets brought via a thought-through restructuring process to the operational efficiency levels which locate them among the best in class as compared to their Polish and EU peers. They are located in the cities of Slupsk, Zlotow, Koszalin, Ostrow Wielkopolski and Ustka. This operation will unlock a full value potential of beneficial cooperation with municipal and public sector partners. The acquisition, subject to municipalities agreements and antitrust authorities approvals, is expected to be closed by the end of the year.

Furthermore, Cofely GDF SUEZ has signed a 25 years public-private partnership contract with the Jagiellonian University in Krakow for modernization and maintenance of three students houses with sport facilities, in association with Bouygues Construction. This contract is the first PPP in Poland and was signed on October 14 in front of the Polish Minister of Science and Higher Education.

Following the acquisition of Balfour Beatty Workplace in the United Kingdom and Emac in Brazil, these operations are in line with the international development strategy of Cofely GDF SUEZ.

As a European expert in the energy efficiency sector, Cofely GDF SUEZ operates nearly 200 district heating and cooling systems worldwide, including the cities of Amsterdam, Barcelona, Lisbon, London, Monaco and Paris. The company has signed about 75 public-private partnerships in Europe to improve energy efficiency of high schools, public lighting, public buildings, sports centers…

GDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 138,200 people worldwide and achieved revenues of €82 billion in 2012. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone, Euronext Vigeo Eurozone 120, Vigeo World 120, Vigeo Europe 120 and Vigeo France 20.

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