EDF : EDF completes the transaction of its stakes in BERT and ESTAG

EDF completes the transaction of its stakes in BERT and ESTAG

EDF and EP Energy complete the transaction for the sale of 95.6% of Budapesti Eromu Zrt. (BERT)

On 10 December 2015, France-based EDF International (EDF) and EP Energy, a.s., through its subsidiary company EP Hungary, have completed the transaction for the sale of EDF's majority stake in Hungary-based Budapesti Eromu Zrt.

EP Energy has acquired more than 95% of the shares in a company that owns three gas-fired cogeneration (combined heat & power) plants: Kelenföld (with an installed capacity of 188 MWe and 395 MWth), Újpest (105 MWe and 421 MWth) and Kispest (113 MWe and 366 MWth). These CHP plants meet almost 60% of the demand for heat in Budapest and generate approximately 3% of Hungarian electricity.

EP Energy is a member of the EPH Group.

EDF and Macquarie complete the transaction for the sale of 25% of Energie Steiermark AG (ESTAG)

EDF and Macquarie European Infrastructure Fund IV (MEIF4) have completed on December 21^st, 2015 the transaction for the sale of EDF's minority stake of 25% in Energie Steiermark AG to MEIF4. EDF announced on July 10th 2015 it had entered into an agreement with MEIF4.

The closing of these two transactions, which were announced mid 2015, follows the fulfillment of all condition precedents.

A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 37.8 million customers, of which 28.3 million in France. The Group generated consolidated sales of €72.9 billion in 2014, of which 45.2% outside of France. EDF is listed on the Paris Stock Exchange.