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PGE SAPGE power expects decision on coal assets spinoff to happen in H2 2025
Listed power utility PGE assumes that a decision on the coal assets spinoff will be made in the second half of the year, CEO Dariusz Marzec told a conference following the publication of group's 2024 results.
"As far as the spinoff is concerned, the matter is not closed, at least in our view. (...) Analyses are ongoing. We hope that in the second half of the year, we will come to some conclusion or our recommendation and the owner's decision, because at the end of the day it is the owner's decision," CEO Marzec said.
"The situation in the company's environment and the situation of our individual business segments is very dynamic and certain conclusions or certain directions are perhaps not as obvious today as they were a year or a year and a half ago. In general, we are in dialogue with the owner on an ongoing basis, and we hope that directional closure of these topics one way or the other will take place in the second half of this year," he added.
pel/ ao/ han/