Polish utility PGE is seeking potential takeover targets abroad, Reuters reports. It is looking at targets with as much as $6.6 billion at hand, said Tomasz Zadroga, CEO of PGE.
The state-controlled utility currently has $166.7 million in cash, but will also add the remaining money from the sale of Polkomtel. The group is also seeking regulatory approval for its $2.49 billion takeover of local rival Energa.
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