Energetický a průmyslový holding

Energetický a průmyslový holding, a.s.
Industry Electricity, coal mining, heat generation
Founded 2009
Headquarters Brno, Czech Republic
Key people
 Daniel Křetínský (chairman, co-owner)
Revenue
  • Increase €3,665 million (2014)
  • €3,188 million (2013)
  • Increase €846 million (2014)
  • €957 million (2013)
  • Increase €471 million (2014)
  • €524 million (2013)
Total assets
  • Increase €10,257 million (2014)
  • €12,435 million (2013)
Total equity
  • Increase €2,540 million (2014)
  • €4,261 million (2013)
Number of employees
 10,860 (2014)
Website www.epholding.cz
Footnotes / references
[1]

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 EP Energy a.s. subholding created in 2010.[2]

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.[3] 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%).[4] In June 2014 PPF sold its stake for 1.1 EUR billions,[5][6] since then ownership Daniel Křetínský and Patrik Tkáč own 2/3 share and J&T 1/3 share.[7] 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.[1] Treasury stocks were cancelled in September 2015.[8]

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.[9]

Activities by country

Czech Republic

Main assets held in the Czech Republic are:[10]

Germany

According to Reuters, EPH with PPF are set to acquire the Vattenfall coal mines and coal power plants in Germany.[13][14][15] The assets include:[16]

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 (installed capacity of 188 MWe and 395 MWth), Újpest Power Station (105 MWe and 421 MWth) and Kispest Power Station (113 MWe and 366 MWth). These plants meet almost 60% of the demand for heat in Budapest and generate approximately 3% of Hungarian electricity.[17]

Italy

In January 2015 it was announced, that EPH will acquire part of E.ON assets in Italy:[18][19][20]

Poland

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.[21] 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.[22][23]

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 €.[24]

In December 2013 EPH acquired 40.45% stake in gas storage operator NAFTA from E.ON,[25][26] 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.[27]

United Kingdom

In November 2014 it was announced, that EPH will acquire Eggborough Power Station.[28] The transaction was completed in January 2015.[29]

In January 2016 EPH acquired Lynemouth power station from RWE npower.[30] In February 2016 it was reported that EPH are entering the SME retail energy market with a new online service called Energy Scanner.[31]

References

  1. 1 2 Energetický a průmyslový holding, a.s. - 2014 Consolidated financial statement
  2. ↑ "Akcionáři - EP ENERGY a.s". Epenergy.cz. Retrieved 2013-11-14.
  3. ↑ 2009 EPH Annual Report
  4. ↑ Týden.cz: Kellner v srpnu zvýšil podíl v EPH na 44,4 procenta
  5. ↑ motejlek.com: Kellner prodá svůj podíl v EPH, od Křetínského, Tkáče a J&T struktur dostane 30 miliard korun
  6. ↑ lidovky.cz: PPF prodá svůj podíl v EPH. Holding ovládnou Tkáč a Křetínský
  7. ↑ EP Holding. "Shareholding Structure". EP Holding. Retrieved 2014-11-05.
  8. ↑ EPH: EPH decreases its registered capital via cancellation of own shares
  9. ↑ "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.
  10. ↑ "Přehled Firem - Ep Energy A.S". Epenergy.cz. Retrieved 2013-11-14.
  11. ↑ "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.
  12. ↑ "EP ENERGY kupuje významný podíl v elektrárně Schkopau - Tiskové zprávy EP ENERGY a.s". Epenergy.cz. 2012-07-17. Retrieved 2013-11-14.
  13. ↑ "EPH to acquire Vattenfall's German lignite coal assets". Reuters. Retrieved 11 April 2016.
  14. ↑ Lukáč, Petr (8 April 2016). "Křetínského EPH získá doly a elektrárny Vattenfallu v Německu. Bude energetickou jedničkou střední Evropy". Hospodářské noviny (in Czech). Retrieved 11 April 2016.
  15. ↑ čtk. "EPH zřejmě získá doly a elektrárny Vattenfallu v Německu". E15 (in Czech). Retrieved 11 April 2016.
  16. ↑ "EPH and PPF Investments submit a binding offer for Vattenfall’s German lignite activities - Tiskové zprávy". ENERGETICKÝ A PRŮMYSLOVÝ HOLDING. 16 March 2016. Retrieved 11 April 2016.
  17. ↑ "EDF and EP Energy sign definitive agreement for the sale of 95.6% of Budapesti Erőmű". Energetický a průmyslový holding. Retrieved 30 July 2015.
  18. ↑ České noviny: EPH group buying seven power plants in Italy from E.ON
  19. ↑ Reuters: E.ON sells most of Italian business to Czech-based EPH
  20. ↑ Fatto Quotidiano: E.on vende 7 centrali elettriche italiane alla ceca Eph. Sindacati in allarme
  21. ↑ "EPH acquires a 49% stake and management control in Slovenský plynárenský priemysel a.s. (SPP) - Pro média - EPH". Epholding.cz. Retrieved 2013-11-14.
  22. ↑ "Další Křetínského vítězství na Slovensku – slovenská vláda právě schválila zpětný nákup podílu EPH v SPP «". Motejlek.com. Retrieved 2013-11-14.
  23. ↑ "04_materiál.docx". Rokovania.sk. Retrieved 2013-11-14.
  24. ↑ "Deals of the day - mergers and acquisitions". Reuters. Retrieved 2013-11-14.
  25. ↑ The Slovak Spectator: E.ON sells 40 percent stake in Slovak Nafta to EPH
  26. ↑ Global Gas Transport: EPH acquires 40 per cent stake in Slovakia’s Nafta
  27. ↑ "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.
  28. ↑ Žižka, Jan (4 November 2014). "Křetínský koupil elektrárnu v Británii. Má výkon jako Temelín" (in Czech). lidovky.cz. Retrieved 5 November 2014.
  29. ↑ EPH: EPH has completed the transaction for the purchase of Eggborough
  30. ↑ Godsen, Emily (7 January 2016). "RWE sells Lynemouth power plant to EPH ahead of biomass conversion - Telegraph". The Daily Telegraph. Retrieved 8 January 2016.
  31. ↑ http://utilityweek.co.uk/news/eph-eyes-new-build-power-stations-further-acquisition-and-sme-retail-market/1217032

External links

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