Fen Wind Farm B.V. with its registered office in Amsterdam and Wento Holdings S.à r.l. with its registered office in Luxembourg (“Claimants”) sued Enea Wytwarzanie Sp. z o.o. for concluding an agreement for the sale of shares in Eco-Power Sp. z o.o. for a price which included the base amount of PLN 286 500 000,00.
Enea Wytwarzanie Sp. z o.o. did not acknowledge the grounds for the above claim and in its response to the claim (and in other pleadings and in the preparatory document dated 7 January 2017) it filed a motion to dismiss the claim in its entirety and for adjudging the costs of the proceedings from the Claimants on its behalf. The date of the first hearing was set for 10 April 2017.
According to valuation of the shares of Eco-Power Sp. z o.o., the Group created provision in the amount of PLN 129 000 thousand, which results from the difference between agreement price considering base amount PLN 286 500 000,00 and the value calculated according to the Enea SA model.