Endesa to launch binding offer for Poland's Elektrowni Kozienice on Friday

Endesa SA plans to launch a binding offer on Friday for Polish electricity utility Elektrownia Kozienice, in a deal valued in some 600 mln eur, a spokeswoman said.

Last Friday, Endesa also presented an offer for Poland's Zespol Elektrowni Dolna Odra, valued at 400 mln eur.

Elektrownia Kozienice has a total installed capacity of 2.845 megawatts (MW), while Zespol Elektrowni Dolna Odra has installed capacity of 1.960 MW.

Iberdrola SA is also widely expected to bid for the two companies after confirming non-binding offers for both in May.

Today, the Basque utility declined to comment on a final bid for 'reasons of confidentiality.'

(Source: AFX)

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