Greenberg Traurig has advised the Polsat Plus Group on Cyfrowy Polsat’s planned acquisition of ZE PAK green assets: 67% of PAK-Polska Czysta Energia's share capital and approximately 66.94% of Port Praski's share capital.
According to Greenberg Traurig, “the total price for the PAK PCE shares and the newly issued PAK PCE shares associated with a contribution in kind in the form of ZCP Elektrownia Konin will exceed PLN 800 million. The total price for the shares in Port Praski is approximately PLN 880 million.”
According to Polsat Plus Group's strategy, the planned investments in the development of clean energy will amount to approximately PLN 5 billion by 2026, which would enable its generation capacity to reach 1000 megawatts, and approximately PLN 0.5 billion will be invested in the construction of the value chain of a hydrogen-based economy.
Greenberg Traurig’s team included Partner Daniel Kaczorowski, Senior Associates Agnieszka Stopinska and Paulina Kimla-Kaczorowska, and Associate Michal Kuratowski.