Křetínský's EP Energy Transition Will Buy Half of the German Lippendorf Power Plant | ČeskéNoviny.cz

A subsidiary of EP Group, owned by Czech billionaire Daniel Křetínský, will buy a 50 percent stake in the German lignite-fired power plant Lippendorf. The companies do not want to disclose the price of the transaction.

Prague - EP Energy Transition (EPETr), a subsidiary of Czech billionaire Daniel Křetínský's EP Group, will buy a 50 percent stake in the Lippendorf brown coal power plant in Germany. It will take over the stake from Energie Baden-Württemberg AG (EnBW), which includes one of the blocks, at the beginning of next year; the acquisition still has to be approved by regulatory authorities. The second block is already owned by EPETr's subsidiary LEAG, s…