On 27 December 2018, Pra\u017esk\u00e1 tepl\u00e1rensk\u00e1 Holding a.s. (a subsidiary of EP Energy, a.s.) signed a Share purchase agreement with its indirect parent company Energetick\u00fd a pr\u016fmyslov\u00fd holding, a.s. (EPH) on sale of 100% shares in PT Real Estate for a consideration of CZK 1,300 million (ca EUR 50 million). PT Real Estate holds shares in companies which own predominantly unutilized land plots and real estate assets. The purchase price was ascertained on a basis of an independent valuation expert\u00b4s report. As a result of the sale, PT Real Estate ceases to be a guarantor of EP Energy 2019 Notes. Purchase price was settled on 27 December 2018 in cash and cash proceeds shall be used in compliance with the indenture.<\/p>\n
Sale of PT Real Estate is the first step towards the creation of a new real estate pillar within EPH. The holding company plans to concentrate all its development projects and real estate management to a subholding company EP Real Estate to complement the existing infrastructure part (EP Infrastructure) and production and mining part (EP Power Europe). EP Real Estate will operate essentially in all countries in which EPH has its production assets, besides the Czech Republic also in Slovakia, Germany, Great Britain, Italy or Hungary.<\/p>\n","protected":false},"excerpt":{"rendered":"
On 27 December 2018, Pra\u017esk\u00e1 tepl\u00e1rensk\u00e1 Holding a.s. (a subsidiary of EP Energy, a.s.) signed a Share purchase agreement with its indirect parent company Energetick\u00fd a pr\u016fmyslov\u00fd holding, a.s. (EPH) on sale of 100% shares in PT Real Estate for a consideration of CZK 1,300 million (ca EUR 50 million). PT Real Estate holds shares in companies which own predominantly unutilized land plots and real estate assets. The purchase price […]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"tax-year":[73],"acf":[],"wpml_current_locale":"en_US","wpml_translations":[{"locale":"cs_CZ","id":23005,"post_title":"Prodej skupiny PT Real Estate, a.s. spole\u010dnosti Energetick\u00fd a pr\u016fmyslov\u00fd holding, a.s.","href":"https:\/\/eph23.atelierzidlicky.eu\/prodej-skupiny-pt-real-estate-spolecnosti-energeticky-a-prumyslovy-holding\/"}],"_links":{"self":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/press-releases\/23006"}],"collection":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/press-releases"}],"about":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/types\/press-releases"}],"wp:attachment":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/media?parent=23006"}],"wp:term":[{"taxonomy":"tax-year","embeddable":true,"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/tax-year?post=23006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}