On September 27, 2022, EPH signed an agreement to acquire 100% of the shares in PZEM Energy Company B.V. and PZEM Pipe B.V. and 50% of the shares in Sloe Centrale Holding B.V. from PZEM. In addition, EPH has signed an agreement to acquire the remaining 50% of the shares in Sloe Centrale Holding B.V. from EDF International S.A. (EDF).

EPH is a leading European energy and infrastructure company with operations in the Czech Republic, Slovakia, Germany, Italy, Ireland, the UK, France and Switzerland. EPH hereby sets foot in the Dutch energy market and sees this acquisition as an important stepping stone for further expansion in the Dutch market. PZEM is a state-owned energy company that generates electricity, trades energy on wholesale markets, provides balancing services in power and gas markets, and offers customer solutions for producers and business end-users. PZEM holds a 50% stake in Sloe Centrale Holding B.V., the holding company for Sloe Centrale, an 870 MW combined cycle power plant, together with EDF, which owns the remaining 50%. EDF is an integrated energy company and this transaction is part of EDF's EUR 3 billion asset disposal strategy. 

You can find the related press releases and media coverage here:
- PZEM press release
- EPH press release
- FD news paper article

Baker McKenzie's core M&A team included Mo Almarini, Laila Kouchi and Max Nederlof. In addition, many other colleagues from the Amsterdam and Prague offices worked on this transaction.
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