Energetický a Průmyslový Holding

from Wikipedia, the free encyclopedia
Energetický a průmyslový holding as

logo
legal form Akciová společnost
founding October 15, 2009
Seat Prague , Czech RepublicCzech RepublicCzech Republic 
management Daniel Křetínský (chairman)
Number of employees 12,000 (April 2016)
sales 4.3 billion euros (2014)
Branch Energy suppliers , lignite mining , power plants
Website www.epholding.cz

The Energetický a průmyslový holding as (symbol: EPH ) is a Czech power company based in Prague . The company, in the legal form Akciová společnost (as)., Is active in the distribution of electricity, district heating and natural gas ( Transgas pipeline ) in addition to the mining of lignite and the generation of electricity from brown and hard coal .

With an installed capacity of 1,650 MW electrical and 3,195 MW heat , EPH is one of the larger energy supply companies in Europe.

history

In the course of cartel investigations by the European Commission in the Czech Republic , violations of investigation regulations were found. After carefully examining the allegations, EPH and J&T Investment Advisors were fined EUR 2.5 million in 2012 .

On June 29, 2012, EPH announced that the acquisition of the mining and power plant operator Mitteldeutsche Braunkohlengesellschaft was completed by ČEZ through its subsidiary EP Energy as. In return, ČEZ took over Energotrans from EPH.

In January 2013 E.ON sold its 24.5 percent stake in Slovenský plynárenský priemysel to EPH for EUR 1.3 billion. On May 24, 2013, Électricité de France (EDF) announced that it was selling its 49 percent stake in the second largest Slovak energy supplier Stredoslovenská Energetika to EPH for 400 million euros. On September 18, 2013, E.ON announced the sale of the Buschhaus power plant and the Helmstedt lignite mining area to MIBRAG , a subsidiary of EPH.

On April 18, 2016, Vattenfall announced that it was selling its German lignite division to a consortium consisting of EPH and PPF , which is also a partner in EPH. These include the Jänschwalde and Schwarze Pump power plants in Brandenburg, Boxberg and Block R of the Lippendorf plant in Saxony, as well as the associated lignite opencast mining operations in Lusatia. In addition to the assets and cash over 15 billion crowns (approx. 1.63 billion euros), EPH also assumes all liabilities and provisions, including the recultivation obligation of opencast mines, in the amount of 18 billion crowns (around 1.96 billion euros).

Shareholder

Until June 2014, the PPF Group , 98.92% owned by Petr Kellner , held 44.44% of the company's shares.

On June 19, 2014, the PPF Group and Energetický a Průmyslový Holding agreed that Energetický a Průmyslový Holding would acquire the shares of the PPF Group and then retire them.

In 2016, a series of transactions between the owners of EPH led to the exit of Patrik Tkáč and EP Investment Advisors (formerly J&T Investment Advisors). After the successful conclusion of these transactions, the ownership structure is as follows (via EP Investment S.à.rl and EP Investment II S.à.rl):

Holdings

If no percentage is given, the participation is 100 percent.

The following investments are held via the wholly-owned subsidiary EP Energy as:

EPH also holds 100% of the German energy supplier LEAG through its subsidiary LEAG Holding, as, based in Prague .

criticism

According to a statement from Greenpeace Germany, there was a “puzzling collapse in provisions” in 2010 at the central German lignite division MIBRAG after the takeover by EPH. Accordingly, the provisions would have decreased by 55% only one year after the sale. Thus EPH would have amortized the purchase price after a short time. The provisions are intended to ensure that the ecological consequential damage and associated costs can be settled after the end of mining. In 2014, the reserves were only around half of the original amount before the sale, despite a slight increase.

The 2013 annual report was only published by EPH on February 24, 2015. However, this violation of the Commercial Code was not punished by the competent Halle district court. According to the annual report, there was also a high outflow of capital from Mibrag to JTSD, a subsidiary of EPG, in 2013. "The profit transferred corresponds to an unusually high return on sales of 19% in mining."

Individual evidence

  1. ↑ a b Contact. Energetický a Průmyslový Holding, accessed on September 22, 2013 .
  2. ↑ ENERGETICKÝ A PRŮMYSLOVÝ HOLDING sets up its ownership structure and launches operations. Energetický a Průmyslový Holding, October 15, 2009, accessed on September 22, 2013 .
  3. ↑ Company Management. (No longer available online.) Energetický a průmyslový holding, archived from the original on April 27, 2016 ; accessed on April 25, 2016 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.epholding.cz
  4. ↑ a b Facts & Figures. (No longer available online.) Energetický a průmyslový holding, archived from the original on April 24, 2016 ; accessed on April 25, 2016 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.epholding.cz
  5. ↑ a b EPH Overview April 2016. (PDF 1.46MB) (No longer available online.) Energetický a průmyslový holding, April 2016, archived from the original on April 24, 2016 ; accessed on April 25, 2016 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.epholding.cz
  6. ↑ Antitrust law: Commission sends Czech energy company Energetický a průmyslový holding and J&T Investment Advisors statement of objections due to obstruction of an investigation. European Commission , December 20, 2010, accessed September 22, 2013 .
  7. ↑ Antitrust law: Commission imposes a fine of EUR 2.5 million on Czech energy companies Energetický a průmyslový holding and EP Investment Advisors for obstructing a review. European Commission, March 28, 2012, accessed September 22, 2013 .
  8. ^ EP Energy completes today the acquisition of the extraction company MIBRAG. EP Energy, June 29, 2012, archived from the original on December 18, 2013 ; accessed on April 25, 2016 (English).
  9. ↑ Eon reaches 15 billion target. Manager Magazin , January 15, 2013, accessed September 22, 2013 .
  10. ^ A b Deals of the day - mergers and acquisitions. Reuters , May 24, 2013, accessed September 22, 2013 .
  11. ↑ E.ON and MIBRAG sign contracts to sell the Helmstedt mining area. (No longer available online.) E.ON , September 18, 2013, archived from the original on September 24, 2013 ; Retrieved September 22, 2013 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.eon.com
  12. ^ Vattenfall to sell German lignite operations. Vattenfall , April 18, 2016, accessed on April 18, 2016 .
  13. ↑ PPF Group Annual Report 2014. (PDF 6.52MB) PPF Group , p. 12 , accessed on April 25, 2016 (English).
  14. ↑ PPF Group Annual Report 2014. (PDF 6.52MB) PPF Group , p. 103 , accessed on April 25, 2016 (English).
  15. ^ PPF agrees with its partners in EPH to sell its equity stake in the Holding. PPF Group , June 19, 2014, accessed April 25, 2016 .
  16. ↑ EPH: 2018 Annual Report. In: epholding.cz. June 17, 2019, p. 84 , accessed on August 31, 2020 (English).
  17. ^ Coal Mining. (No longer available online.) Energetický a Průmyslový Holding as, archived from the original on September 26, 2013 ; accessed on September 22, 2013 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.epholding.cz
  18. ^ Energy distribution and sales. (No longer available online.) Energetický a Průmyslový Holding, archived from the original on September 26, 2013 ; accessed on September 22, 2013 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.epholding.cz
  19. ^ Gas Industry. (No longer available online.) Energetický a Průmyslový Holding, archived from the original on September 26, 2013 ; accessed on September 22, 2013 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.epholding.cz
  20. ↑ The company EP Logistics International is 100% owned by the eph company. EP LOGISTICS INTERNATIONAL, accessed June 27, 2019 .
  21. ↑ Shareholders. EP Energy, accessed September 23, 2013 .
  22. ^ List of Companies. EP Energy as, accessed September 23, 2013 .
  23. ↑ a b Greenpeace Germany: Melting reserves Who is the Czech buyer of Vattenfall's lignite business? A little research shows: A company without responsibility ( Memento of the original from May 27, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , May 20, 2016 @1@ 2Template: Webachiv / IABot / greenpeace.de
  24. ↑ Stefan Schröter's blog: Mibrag's late annual report shows strong capital outflow , July 23, 2015