Tauron accepted an offer to purchase all shares in Tameh Holding held by the Polish company from the leading shareholder of the ArcelorMittal Group, i.e. AM Global Holding. The transaction amount is to be PLN 598.1 million. This information was provided in a stock exchange announcement.
On Tuesday, Tauron Polska Energia delivered to the headquarters of AM Global Holding a declaration of acceptance of the purchase offer. According to the release, in accordance with the shareholders’ agreement, the transfer of ownership of shares takes place when the bank account indicated by Tauron is credited with an amount equal to the sales price, which should take place no later than the 30th business day from the acceptance of the offer by Tauron.
At the same time, Tauron reserves that if it is necessary to obtain consents required by law or notification of competent authorities, the deadline for transferring ownership of shares and the indicated deadline for payment of the price may be extended.
About Tameh Holding
Tameh Holding is a joint venture in which Tauron Polska Energia and two companies from the ArcelorMittal Group (AM Global Holding and ArcelorMittal Poland) each hold 50 percent. shares.
The main activity of Tameh Holding is the production of blast furnace blast, compressed air, process steam, production and sale of electricity and heating heat.
Tameh Holding owns 100 percent. shares in two operating companies: Tameh Polska and Tameh Czech.
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