May 23, 2019 / 1:01 PM / 4 months ago

France still to clear EPH's acquisition of Uniper's French assets

FILE PHOTO: A logo of German energy utility company Uniper SE is pictured in Duesseldorf, Germany, March 8, 2018. REUTERS/Thilo Schmuelgen/File Photo

PARIS (Reuters) - Czech energy group EPH’s acquisition of Uniper’s assets in France is still awaiting French government clearance after it obtained the green light from European anti-trust authorities last week, said a Uniper executive.

“The French government has still not given its clearance on what is considered as a foreign investment in strategic assets,” Mareva Edel, commercial director at Uniper, told an energy forum in Paris.

The final agreement between EPH and Uniper will not be complete until the French decision, which could be a matter of weeks, added Edel.

EPH, majority owned by Czech billionaire investor Daniel Kretinsky, entered exclusive negotiations in December to acquire all the French assets of Germany’s Uniper.

The assets includes two gas-fired power plants with a total capacity of 828 megawatts (MW), two coal power generation units with an installed capacity of 1,200 MW, a 150 MW biomass power plant and 100 MW of wind and solar resources.

Reporting by Bate Felix; Editing by Sudip Kar-Gupta

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