Vattenfall completes the sale of Polish GZE
The competition authorities have given green light to Vattenfall's sale of Gornoslaski Zakład Energetyczny (GZE), Vattenfall’s Polish electricity sales and distribution company. The buyer is Polish energy company Tauron Polska Energia S.A.The sales agreement with Tauron SA was signed on 23 August earlier this year. The price, based on the enterprise value, is approximately 3.5 billion PLN (about 7.4 billion SEK). The sale is an important part of Vattenfall's new strategic direction, which means focusing on the three core markets of Sweden, Germany and the Netherlands. The sale reduces